Farmers & Merchants Bancorp (FMAO) 10-Q 27 Apr 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 23, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Trading Symbol	FMAO
Entity Registrant Name	FARMERS & MERCHANTS BANCORP, INC.
Entity Central Index Key	0000792966
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		11,195,894
Entity File Number	001-38084
Entity Tax Identification Number	34-1469491
Entity Address, Address Line One	307 North Defiance Street
Entity Address, City or Town	Archbold
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43502
City Area Code	419
Local Phone Number	446-2501
Entity Incorporation, State or Country Code	OH
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, No Par Value
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 118,139	$ 98,279
Federal funds sold	57,361	77,427
Total cash and cash equivalents	175,500	175,706
Interest-bearing time deposits	4,405	4,653
Securities - available-for-sale	352,974	307,812
Other securities, at cost	5,939	5,939
Loans held for sale	7,511	7,740
Loans, net	1,327,254	1,289,318
Premises and equipment	26,703	27,063
Goodwill	47,340	47,340
Mortgage servicing rights	3,444	3,320
Other real estate owned	148	71
Bank owned life insurance	25,347	25,208
Other assets	16,720	15,374
Total Assets	1,993,285	1,909,544
Deposits
Noninterest-bearing	384,558	351,147
Interest-bearing
NOW accounts	605,533	542,317
Savings	451,043	455,145
Time	242,717	247,553
Total deposits	1,683,851	1,596,162
Federal funds purchased and securities sold under agreements to repurchase	30,072	30,239
Federal Home Loan Bank (FHLB) advances	17,840	17,861
Dividend payable	1,889	1,889
Accrued expenses and other liabilities	12,805	14,233
Total liabilities	1,746,457	1,660,384
Commitments and Contingencies
Stockholders' Equity
Common stock - No par value 20,000,000 shares authorized; issued and outstanding 12,230,000 shares 3/31/21 and 12/31/20	82,030	81,804
Treasury stock - 1,033,256 shares 3/31/21, 1,032,456 shares 12/31/20	(11,962)	(11,932)
Retained earnings	176,617	173,591
Accumulated other comprehensive income	143	5,697
Total stockholders' equity	246,828	249,160
Total Liabilities and Stockholders' Equity	$ 1,993,285	$ 1,909,544

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Common stock, no par value
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	12,230,000	12,230,000
Common stock, shares outstanding	12,230,000	12,230,000
Treasury Stock, shares	1,033,256	1,032,456

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest Income
Loans, including fees	$ 15,612	$ 15,883
Debt securities:
U.S. Treasury and government agencies	751	1,146
Municipalities	308	262
Dividends	50	45
Federal funds sold	5	6
Other	39	122
Total interest income	16,765	17,464
Interest Expense
Deposits	1,340	2,901
Federal funds purchased and securities sold under agreements to repurchase	166	244
Borrowed funds	222	266
Total interest expense	1,728	3,411
Net Interest Income - Before Provision for Loan Losses	15,037	14,053
Provision for Loan Losses	1,700	1,430
Net Interest Income After Provision for Loan Losses	13,337	12,623
Noninterest Income
Net gain on sale of loans	1,046	227
Net gain on sale of available-for-sale securities	293	270
Total noninterest income	4,991	3,122
Noninterest Expense
Salaries and wages	4,390	4,223
Employee benefits	1,994	1,677
Net occupancy expense	577	564
Furniture and equipment	791	758
Data processing	505	442
Franchise taxes	446	368
ATM expense	449	414
Advertising	235	303
Net (gain) loss on sale of other assets owned	(25)	1
FDIC assessment	236	72
Mortgage servicing rights amortization	505	132
Consulting fees	223	139
Other general and administrative	2,033	1,575
Total noninterest expense	12,359	10,668
Income Before Income Taxes	5,969	5,077
Income Taxes	1,060	972
Net Income	$ 4,909	$ 4,105
Basic and Diluted Earnings Per Share	$ 0.44	$ 0.37
Dividends Declared	$ 0.17	$ 0.16
Customer Service Fees [Member]
Noninterest Income
Noninterest income	$ 2,814	$ 1,586
Other Service Charges and Fees [Member]
Noninterest Income
Noninterest income	$ 838	$ 1,039

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 4,909	$ 4,105
Other Comprehensive Income (Loss) (Net of Tax):
Net unrealized gain (loss) on available-for-sale securities	(6,737)	4,998
Reclassification adjustment for realized gain on sale of available-for-sale securities	(293)	(270)
Net unrealized gain (loss) on available-for-sale securities	(7,030)	4,728
Tax expense (benefit)	(1,476)	993
Other comprehensive income (loss)	(5,554)	3,735
Comprehensive Income (Loss)	$ (645)	$ 7,840

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes to Stockholder's Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
Beginning balance at Dec. 31, 2019	$ 230,258	$ 81,535	$ (12,456)	$ 160,081	$ 1,098
Beginning balance, shares at Dec. 31, 2019		11,136,935
Net income	4,105			4,105
Other comprehensive income (loss)	3,735				3,735
Purchase of treasury stock	(170)		(170)
Purchase of treasury stock, shares		(7,064)
Issuance of share of restricted stock and forfeiture of share of restricted stock	(1)	$ 11	(10)	(2)
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		(450)
Stock-based compensation expense	298	$ 298
Cash dividends declared	(1,768)			(1,768)
Ending balance at Mar. 31, 2020	236,457	$ 81,844	(12,636)	162,416	4,833
Ending balance, shares at Mar. 31, 2020		11,129,421
Beginning balance at Dec. 31, 2020	249,160	$ 81,804	(11,932)	173,591	5,697
Beginning balance, shares at Dec. 31, 2020		11,197,544
Net income	4,909			4,909
Other comprehensive income (loss)	(5,554)				(5,554)
Purchase of treasury stock	(23)		(23)
Purchase of treasury stock, shares		(950)
Issuance of share of restricted stock and forfeiture of share of restricted stock		$ 1	(7)	6
Issuance of share of restricted stock and forfeiture of share of restricted stock, shares		150,000
Stock-based compensation expense	225	$ 225
Cash dividends declared	(1,889)			(1,889)
Ending balance at Mar. 31, 2021	$ 246,828	$ 82,030	$ (11,962)	$ 176,617	$ 143
Ending balance, shares at Mar. 31, 2021		11,196,744

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes to Stockholder's Equity (Parenthetical) (Unaudited) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash dividends declared, per share	$ 0.17	$ 0.16
Common Stock [Member]
Issuance of shares of restricted stock, Shares	750
Issuance of shares of restricted stock, forfeitures	600	450

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Cash Flows from Operating Activities
Net income	$ 4,909	$ 4,105
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	679	655
Amortization of premiums on available-for-sale securities, net	512	250
Amortization of servicing rights	505	132
Amortization of core deposit intangible	140	182
Amortization of customer list intangible	31
Net amortization of fair value adjustments	70	157
Stock-based compensation expense	225	298
Deferred income taxes		(3)
Provision for loan loss	1,700	1,430	$ 6,981
Gain on sale of loans held for sale	(1,046)	(227)
Originations of loans held for sale	(35,536)	(17,302)
Proceeds from sale of loans held for sale	36,811	18,690
(Gain) loss on sale of other assets owned	(25)	1
Gain on sales of securities available-for-sale	(293)	(270)
Increase in cash surrender value of bank owned life insurance	(139)	(78)
Change in other assets and other liabilities, net	(2,098)	(3,369)
Net cash provided by operating activities	6,445	4,651
Activity in available-for-sale securities:
Maturities, prepayments and calls	15,897	21,646
Sales	7,773	11,843
Purchases	(76,081)	(10,569)
Change in interest-bearing time deposits	248	(560)
Proceeds from sale of other assets owned	99	28
Additions to premises and equipment	(318)	(420)
Loan originations and principal collections, net	(39,722)	(27,773)
Net cash used in investing activities	(92,104)	(5,805)
Cash Flows from Financing Activities
Net change in deposits	87,689	60,276
Net change in federal funds purchased and securities sold under agreements to repurchase	(167)	(17,488)
Repayment of FHLB advances	(157)	(155)
Purchase of treasury stock	(23)	(170)
Cash dividends paid on common stock	(1,889)	(1,768)
Net cash provided by financing activities	85,453	40,695
Net Increase (Decrease) in Cash and Cash Equivalents	(206)	39,541
Cash and Cash Equivalents - Beginning of year	175,706	51,296	51,296
Cash and Cash Equivalents - End of period	175,500	90,837	$ 175,706
Supplemental cash flow information:
Interest paid	1,573	3,217
Supplemental noncash disclosures:
Transfer of loans to other real estate owned	148
Cash dividends declared not paid	$ 1,889	$ 1,768

Basis of Presentation and Other

Basis of Presentation and Other	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Other	NOTE 1 BASIS OF PRESENTATION AND OTHER The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10Q and Rule 10-01 of Regulation S-X; accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2021 are not necessarily indicative of the results that are expected for the year ended December 31, 2021. The condensed consolidated balance sheet of the Company as of December 31, 2020, has been derived from the audited consolidated balance sheet of the Company as of that date. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. The Company recognizes revenues as they are earned based on contractual terms, as transactions occur, or as services are provided and collectability is reasonably assured. The Company’s principal source of revenue is interest income from loans and investment securities. The Company also earns noninterest income from various banking and financial services offered primarily through Farmers & Merchants State Bank. Interest income is primarily recognized on an accrual basis according to nondiscretionary formulas written in contracts, such as loan agreements or investment security contracts. The Company also earns noninterest income from various banking and financial services provided to business and consumer clients such as deposit account, debit card, and mortgage banking services. Revenue is recorded for noninterest income based on the contractual terms for the service or transaction performed.

Business Combination and Asset

Business Combination and Asset Purchase	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Combination and Asset Purchase	NOTE 2 BUSINESS COMBINATION AND ASSET PURCHASE On January 1, 2019, the Company acquired Limberlost Bancshares, Inc. (“Limberlost”), the bank holding company for Bank of Geneva, a community bank based in Geneva, Indiana. Bank of Geneva operated six full-service offices in the northeast Indiana communities of Geneva, Berne, Decatur, Monroe, Portland and Monroeville. Shareholders of Limberlost received 1,830 shares of FMAO common stock and $8,465.00 in cash for each share. Limberlost had 1,000 shares outstanding on January 1, 2019. The share price of Farmers & Merchants Bancorp, Inc. (FMAO) stock on January 1, 2019 was $38.49. Total consideration for the acquisition was approximately $78.9 million consisting of $8.5 million in cash and $70.4 million in stock. As a result of the acquisition, the Company has had an opportunity to increase its deposit base and reduce transaction costs. The Company has also reduced costs through economies of scale. Under the acquisition method of accounting, the total purchase was allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $78.9 million, $3.9 million has been allocated to core deposit intangible included in other assets and is being amortized over seven years on a straight line basis. Goodwill of $43.3 million resulting from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Bank of Geneva. Of that total amount, none of the purchase price is deductible for tax purposes. The following table summarizes the consideration paid for Bank of Geneva and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date. Changes in accretable yield, or income expected to be collected, for the three months ended are as follows: Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 (In Thousands) (In Thousands) Beginning Balance $ 1,653 $ 2,021 Additions 1 1 Accretion (108 ) (106 ) Reclassification from nonaccretable difference - 62 Disposals (4 ) - Ending Balance $ 1,542 $ 1,978 As mentioned previously, the acquisition of Bank of Geneva resulted in the recognition of $3.9 million in core deposit intangible assets which are being amortized over its remaining life of 7 years on a straight line basis. The amortization expense for the three months ended March 31, 2020 was $182 thousand of which $42 thousand was related to the purchase of the Custar office in December of 2013. Of the $560 thousand to be expensed in 2021, $140 thousand has been expensed for the three months ended March 31, 2021. Annual amortization of core deposit intangible assets is as follows: (In Thousands) Geneva 2021 $ 560 2022 560 2023 560 2024 560 2025 560 Thereafter - $ 2,800 On November 16, 2020, FM Investment Services, a division of the Bank, purchased the assets and clients of Adams County Financial Resources (ACFR), a full-service registered investment advisory firm located in Geneva, Indiana. ACFR was founded in 1994 by R. Lee Flueckiger and provides clients and their families with financial confidence through personalized investment planning and services. As of November 30, 2020, ACFR had approximately $83 million of assets under management and over 450 clients. Total consideration for the purchase was $825 thousand which consisted of 40,049 shares of stock. As a result of this purchase, the Company expects an increase to noninterest income of approximately $500 thousand in 2021. Under the acquisition method of accounting, the total purchase is allocated to net tangible and intangible assets based on their current estimated fair values on the date of acquisition. Of the total purchase price of $825 thousand, $800 thousand has been allocated to customer list intangible, included in other assets, to be amortized over 6.5 years on a straight line basis. The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired: Fair Value of Consideration Transferred (In Thousands) Common Shares (40,049 shares) $ 825 Total $ 825 Recognized amounts of identifiable assets acquired Assets Premises and equipment $ 25 Customer list intangible 800 Total Assets Purchased $ 825 Of the $123 thousand to be expensed in 2021, $31 thousand has been expensed for the three months ended March 31, 2021. Future amortization expense of customer list intangible is as follows: (In Thousands) Adams County Financial Resources 2021 $ 123 2022 123 2023 123 2024 123 2025 123 Thereafter 169 $ 784

Securities

Securities	3 Months Ended
	Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]
Securities	NOTE 3 SECURITIES Mortgage-backed securities, as shown in the following tables, are all government sponsored enterprises. The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2021 and December 31, 2020, are as follows: (In Thousands) March 31, 2021 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 44,059 $ - $ (734 ) $ 43,325 U.S. Government agencies 131,419 1,378 (1,998 ) 130,799 Mortgage-backed securities 116,160 1,583 (1,380 ) 116,363 State and local governments 61,156 1,856 (525 ) 62,487 Total available-for-sale securities $ 352,794 $ 4,817 $ (4,637 ) $ 352,974 (In Thousands) December 31, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ - $ - $ - $ - U.S. Government agencies 122,514 1,857 (130 ) 124,241 Mortgage-backed securities 110,828 2,228 - 113,056 State and local governments 67,260 3,265 (10 ) 70,515 Total available-for-sale securities $ 300,602 $ 7,350 $ (140 ) $ 307,812 Investment securities will at times depreciate to an unrealized loss position. The Company utilizes the following criteria to assess whether impairment is other than temporary. No one item by itself will necessarily signal that a security should be recognized as an other than temporary impairment. 1. The fair value of the security has significantly declined from book value. 2. A downgrade has occurred that lowered the credit rating to below investment grade (below Baa3 by Moody and BBB – by Standard and Poors.) 3. Dividends have been reduced or eliminated or scheduled interest payments have not been made. 4. The underwater security has longer than 10 years to maturity and the loss position had existed for more than 3 years. 5. Management does not possess both the intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. If the impairment is judged to be other than temporary, the cost basis of the individual security shall be written down to fair value, thereby establishing a new cost basis. The new cost basis shall not be changed for subsequent recoveries in fair value. The amount of the write down shall be included in current earnings as a realized loss. The recovery in fair value, if any, shall be recognized in earnings when the security is sold. The table below is presented by category of security and length of time in a continuous loss position. The Company currently does not hold any securities with other than temporary impairment. Information pertaining to securities with gross unrealized losses at March 31, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) March 31, 2021 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ (734 ) $ 43,325 $ - $ - $ (734 ) $ 43,325 U.S. Government agencies (1,998 ) 94,069 - - (1,998 ) 94,069 Mortgage-backed securities (1,380 ) 57,940 - - (1,380 ) 57,940 State and local governments (525 ) 17,720 - - (525 ) 17,720 Total available-for-sale securities $ (4,637 ) $ 213,054 $ - $ - $ (4,637 ) $ 213,054 (In Thousands) December 31, 2020 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ - $ - $ - $ - $ - $ - U.S. Government agencies (130 ) 48,331 - - (130 ) 48,331 Mortgage-backed securities - - - - - - State and local governments (10 ) 3,562 - - (10 ) 3,562 Total available-for-sale securities $ (140 ) $ 51,893 $ - $ - $ (140 ) $ 51,893 Unrealized losses on securities have not been recognized into income because the issuers’ bonds are of high credit quality, values have only been impacted by changes in interest rates since the securities were purchased, and the Company has the intent and ability to hold the securities for the foreseeable future. The fair value is expected to recover as the bonds approach the maturity date. Below are the gross realized gains and losses for the three months ended March 31, 2021 and March 31, 2020. Three Months (In Thousands) 2021 2020 Gross realized gains $ 293 $ 270 Gross realized losses - - Net realized gains $ 293 $ 270 Tax expense related to net realized gains $ 62 $ 57 The net realized gains on sales and related tax expense is a reclassification out of accumulated other comprehensive income (loss). The net realized gains are included in net gains on sale of available-for-sale securities and the related tax expense is included in income taxes in the condensed consolidated statements of income and comprehensive income (loss). The amortized cost and fair value of debt securities at March 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value One year or less $ 7,849 $ 7,966 After one year through five years 76,476 77,041 After five years through ten years 151,959 151,248 After ten years 350 356 Total $ 236,634 $ 236,611 Mortgage-backed securities 116,160 116,363 Total $ 352,794 $ 352,974 Investments with a carrying value of $81.2 million and $83.2 million at March 31, 2021 and December 31, 2020, respectively, were pledged to secure public deposits and securities sold under repurchase agreements. Other securities include Federal Home Loan Bank of Cincinnati and Indianapolis stock in the amount of $5.8 million as of March 31, 2021 and December 31, 2020 in addition to Ohio Equity Fund for Housing Limited Partnership of $151 thousand as of March 31, 2021 and December 31, 2020.

Loans

Loans	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans	NOTE 4 LOANS Loan balances as of March 31, 2021 and December 31, 2020 are summarized below: (In Thousands) Loans: March 31, 2021 December 31, 2020 Consumer Real Estate $ 175,675 $ 175,588 Agricultural Real Estate 179,945 189,159 Agricultural 100,022 94,358 Commercial Real Estate 618,754 588,825 Commercial and Industrial 202,958 189,246 Consumer 54,445 52,540 Other 14,088 15,757 1,345,887 1,305,473 Less: Net deferred loan fees and costs (4,208 ) (2,483 ) 1,341,679 1,302,990 Less: Allowance for loan losses (14,425 ) (13,672 ) Loans - Net $ 1,327,254 $ 1,289,318 Other loans primarily fund public improvement in the Bank’s service area. The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2021: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 127,467 $ 48,208 Agricultural Real Estate 105,009 74,936 Agricultural 87,924 12,098 Commercial Real Estate 492,252 126,502 Commercial and Industrial 172,598 30,360 Consumer 50,558 3,887 Other 14,084 4 As of March 31, 2021 and December 31, 2020 one to four family residential mortgage loans amounting to $36.7 million and $38.0 million, respectively, have been pledged as security for future loans and existing loans the Bank has received from the Federal Home Loan Bank. Unless listed separately, Other loans are included in the Commercial and Industrial category for the remainder of the tables in this Note 4. The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2021 and December 31, 2020, net of deferred loan fees and costs: March 31, 2021 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 284 $ - $ 1,019 $ 1,303 $ 174,178 $ 175,481 $ - Agricultural Real Estate - - 88 88 179,551 179,639 - Agricultural - - - - 100,147 100,147 - Commercial Real Estate - - 183 183 617,329 617,512 - Commercial and Industrial - - 794 794 213,547 214,341 - Consumer 6 1 - 7 54,552 54,559 - Total $ 290 $ 1 $ 2,084 $ 2,375 $ 1,339,304 $ 1,341,679 $ - December 31, 2020 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 269 $ 191 $ 1,032 $ 1,492 $ 173,824 $ 175,316 $ - Agricultural Real Estate - - 88 88 188,738 188,826 - Agricultural - - 176 176 94,314 94,490 - Commercial Real Estate - - 185 185 587,469 587,654 - Commercial and Industrial - 750 983 1,733 202,310 204,043 - Consumer 53 - - 53 52,608 52,661 - Total $ 322 $ 941 $ 2,464 $ 3,727 $ 1,299,263 $ 1,302,990 $ - The following table presents the recorded investment in nonaccrual loans by class of loans as of March 31, 2021 and December 31, 2020: (In Thousands) March 31, 2021 December 31, 2020 Consumer Real Estate $ 1,370 $ 1,546 Agricultural Real Estate 5,195 5,575 Agricultural - 307 Commercial Real Estate 663 665 Commercial & Industrial 898 1,296 Consumer 13 15 Total $ 8,139 $ 9,404 Following are the characteristics and underwriting criteria for each major type of loan the Bank offers: Consumer Real Estate: Purchase, refinance, or equity financing of one to four family owner occupied dwelling. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others. Agricultural Real Estate: Purchase of farm real estate or for permanent improvements to the farm real estate. Cash flow from the farm operation is the repayment source and is therefore subject to the financial success of the farm operation. Agricultural: Loans for the production and housing of crops, fruits, vegetables, and livestock or to fund the purchase or re-finance of capital assets such as machinery and equipment and livestock. The production of crops and livestock is especially vulnerable to commodity prices and weather. The vulnerability to commodity prices is offset by the farmer’s ability to hedge their position by the use of the future contracts. The risk related to weather is often mitigated by requiring crop insurance. Commercial Real Estate: Construction, purchase, and refinance of business purpose real estate. Risks include potential construction delays and overruns, vacancies, collateral value subject to market value fluctuations, interest rate, market demands, borrower’s ability to repay in orderly fashion, and others. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer’s ability to repay in a changing rate environment before granting loan approval. Commercial and Industrial: Loans to proprietorships, partnerships, or corporations to provide temporary working capital and seasonal loans as well as long term loans for capital asset acquisition. Risks include adequacy of cash flow, reasonableness of projections, financial leverage, economic trends, management ability and estimated capital expenditures during the fiscal year. The Bank does employ stress testing on higher balance loans to mitigate risk by ensuring the customer's ability to repay in a changing rate environment before granting loan approval. Included in commercial loans for 2021 and 2020 are Paycheck Protection Program (PPP) loans, administered by the Small Business Administration (SBA), in the amounts of $51.8 million and $36.2 million, respectively. The PPP provides loans to eligible business through financial institutions like the Bank, with loans being eligible for forgiveness of some or all of the principal amount by the SBA if the borrower meets certain requirements. The SBA guarantees repayment of the loans to the Bank if the borrower’s loan is not forgiven and is then not repaid by the customer. Therefore, there is no allowance for loan losses related to these loans. Consumer: Funding for individual and family purposes. Success in repayment is subject to borrower’s income, debt level, character in fulfilling payment obligations, employment, and others. Other: Primarily funds public improvements in the Bank’s service area. Repayment ability is based on the continuance of the taxation revenue as the source of repayment. The Bank uses a nine tier risk rating system to grade its loans. The grade of a loan may change during the life of the loan. The risk ratings are described as follows. 1. Zero (0) Unclassified. Any loan which has not been assigned a classification. 2. One (1) Excellent. Credit to premier customers having the highest credit rating based on an extremely strong financial condition, which compares favorably with industry standards (upper quartile of RMA ratios). Financial statements indicate a sound earnings and financial ratio trend for several years with satisfactory profit margins and excellent liquidity exhibited. Prime credits may also be borrowers with loans fully secured by highly liquid collateral such as traded stocks, bonds, certificates of deposit, savings account, etc. No credit or collateral exceptions exist, and the loan adheres to The Bank's loan policy in every respect. Financing alternatives would be readily available and would qualify for unsecured credit. This rate is summarized by high liquidity, minimum risk, strong ratios, and low handling costs. 3. Two (2) Good. Desirable loans of somewhat less stature than rate 1, but with strong financial statements. Loan supported by financial statements containing strong balance sheets and a history of profitability. Probability of serious financial deterioration is unlikely. Possessing a sound repayment source (and a secondary source), which would allow repayment in a reasonable period of time. Individual loans backed by liquid personal assets, established history and unquestionable character. 4. Three (3) Satisfactory. Satisfactory loans of average or slightly above average risk – having some deficiency or vulnerability to changing economic conditions, but still fully collectible. Projects should normally demonstrate acceptable debt service coverage. There may be some weakness but with offsetting features of other support readily available. Loans that are meeting the terms of repayment. Loans may be rated 3 when there is no recent information on which to base a current risk evaluation and the following conditions apply: At inception, the loan was properly underwritten and did not possess an unwarranted level of credit risk; a. At inception, the loan was secured with collateral possessing a loan-to-value adequate to protect The Bank from loss; b. The loan exhibited two or more years of satisfactory repayment with a reasonable reduction of the principal balance; c. During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the business is in an industry which is known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk rating is warranted. 5. Four (4) Satisfactory / Monitored. A “4” (Satisfactory/Monitored) risk rating may be established for a loan considered satisfactory but which is of average credit risk due to financial weakness or uncertainty. The loans warrant a higher than average level of monitoring to ensure that weaknesses do not advance. The level of risk in Satisfactory/Monitored classification is considered acceptable and within normal underwriting guidelines, so long as the loan is given management supervision. 6. Five (5) Special Mention. Loans that possess some credit deficiency or potential weakness which deserve close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. The key distinctions of a 5 (Special Mention) classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential” versus “defined” impairments to the primary source of loan repayment and collateral. 7. Six (6) Substandard. One or more of the following characteristics may be exhibited in loans classified substandard: a. Loans which possess a defined credit weakness and the likelihood that a loan will be paid from the primary source are uncertain. Financial deterioration is underway and very close attention is warranted to ensure that the loan is collected without loss. b. Loans are inadequately protected by the current net worth and paying capacity of the borrower. c. The primary source of repayment is weakened, and The Bank is forced to rely on a secondary source of repayment such as collateral liquidation or guarantees. d. Loans are characterized by the distinct possibility that The Bank will sustain some loss if deficiencies are not corrected. e. Unusual courses of action are needed to maintain a high probability of repayment. f. The borrower is not generating enough cash flow to repay loan principal; however, continues to make interest payments. g. The lender is forced into a subordinate position or unsecured collateral position due to flaws in documentation. h. Loans have been restructured so that payment schedules, terms and collateral represent concessions to the borrower when compared to the normal loan terms. i. The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan. j. There is significant deterioration in the market conditions and the borrower is highly vulnerable to these conditions. 8. Seven (7) Doubtful. One or more of the following characteristics may be exhibited in loans classified Doubtful: a. Loans have all of the weaknesses of those classified as Substandard. Additionally, however, these weaknesses make collection or liquidation in full based on existing conditions improbable. b. The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. c. The possibility of loss is high, but, because of certain important pending factors which may strengthen the loan, loss classification is deferred until its exact status is known. A Doubtful classification is established deferring the realization of the loss. 9. Eight (8) Loss. Loans are considered uncollectable and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. [ Remainder of this page intentionally left blank ] The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of March 31, 2021 and December 31, 2020: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other March 31, 2021 1-2 $ 12,001 $ 1,637 $ 10,731 $ 53,577 $ - 3 33,850 26,549 163,758 24,926 3,295 4 111,704 70,589 422,632 114,991 10,793 5 7,188 1,319 4,363 2,839 - 6 14,896 53 16,028 3,788 - 7 - - - 132 - 8 - - - - - Total $ 179,639 $ 100,147 $ 617,512 $ 200,253 $ 14,088 Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2020 1-2 $ 11,960 $ 5,093 $ 11,001 $ 38,486 $ - 3 38,306 23,779 165,201 26,515 4,651 4 112,465 63,480 396,076 114,108 11,106 5 7,478 1,577 4,010 3,266 - 6 18,617 561 11,366 4,796 - 7 - - - 1,115 - 8 - - - - - Total $ 188,826 $ 94,490 $ 587,654 $ 188,286 $ 15,757 For consumer residential real estate, and other, the Company also evaluates credit quality based on the aging status of the loan, as was previously stated, and by payment activity. The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of March 31, 2021 and December 31, 2020. (In Thousands) Consumer Consumer Real Estate Real Estate March 31, 2021 December 31, 2020 Grade Pass $ 172,062 $ 171,667 Special Mention (5) 1,265 1,284 Substandard (6) 2,154 2,365 Doubtful (7) - - Total $ 175,481 $ 175,316 (In Thousands) Consumer - Credit Consumer - Other March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Performing $ 3,299 $ 3,660 $ 51,134 $ 48,855 Nonperforming 11 10 115 136 Total $ 3,310 $ 3,670 $ 51,249 $ 48,991 Information about impaired loans as of March 31, 2021, December 31, 2020 and March 31, 2020 are as follows: (In Thousands) March 31, 2021 December 31, 2020 March 31, 2020 Impaired loans without a valuation allowance $ 6,604 $ 5,172 $ 1,393 Impaired loans with a valuation allowance 5,532 9,360 4,795 Total impaired loans $ 12,136 $ 14,532 $ 6,188 Valuation allowance related to impaired loans $ 1,109 $ 1,657 $ 766 Total non-accrual loans $ 8,139 $ 9,404 $ 3,344 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 13,467 $ 14,868 $ 4,314 Year to date average investment in impaired loans $ 13,467 $ 10,234 $ 4,314 There were $150 of additional funds available to be advanced in connection with impaired loans as of March 31, 2021. The Bank had approximately $5.8 million of its impaired loans classified as troubled debt restructured (TDR) as of March 31, 2021, $6.5 million as of December 31, 2020 and $1.9 million as of March 31, 2020. Modification programs focused on payment pattern changes and/or modified maturity dates with most receiving a combination of the two concessions. The modifications did not result in the contractual forgiveness of principal. During the first quarter of 2021, there were no new loans considered TDR. In the first quarter of 2020, two loans resulted in payment changes from a monthly payment to principal and interest at maturity on June 19, 2020. One of the loans was paid off in May 2020 with the other loan in a forbearance agreement. All interest was paid current at the time of the modifications. Consequently, the financial impact of the modifications was immaterial to the ALLL. The following tables represents three months ended March 31, 2021 and 2020: Pre- Post- Three Months Number of Modification Modification March 31, 2021 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Consumer Real Estate - $ - $ - Pre- Post- Three Months Number of Modification Modification March 31, 2020 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Consumer Real Estate 2 $ 981 $ 981 For the three month periods ended March 31, 2021 and 2020, there were no TDRs that subsequently defaulted after modification. For the three month period ended March 31, 2021, there were three impaired commercial loans of $809 thousand that were classified as TDR charged off and there were no impaired loans classified as TDR paid off. For the three month period ended March 31, 2020, there were no impaired loans classified as TDR charged off or paid off. [ Remainder of this page intentionally left blank ] For the majority of the Bank’s impaired loans, the Bank will apply the fair value of collateral or use a measurement incorporating the present value of expected future cash flows discounted at the loan’s effective rate of interest. To determine fair value of collateral, collateral asset values securing an impaired loan are periodically evaluated. Maximum time of re-evaluation is every 12 months for chattels and titled vehicles and every two years for real estate. In this process, third party evaluations are obtained. Until such time that updated appraisals are received, the Bank may discount the collateral value used. The Bank uses the following guidelines as stated in policy to determine when to realize a charge-off, whether a partial or full loan balance. A charge-off in whole or in part is realized when unsecured consumer loans, credit card credits and overdraft lines of credit reach 90 days delinquency. At 90 days delinquent, secured consumer loans are charged down to the value of the collateral, if repossession of the collateral is assured and/or in the process of repossession. Consumer mortgage loan deficiencies are charged down upon the sale of the collateral or sooner upon the recognition of collateral deficiency. A broker’s price opinion or appraisal will be completed on all home loans in litigation and any deficiency will be charged off before reaching 150 days delinquent. Commercial and agricultural credits are charged down at 120 days delinquency, unless an established and approved work-out plan is in place or litigation of the credit will likely result in recovery of the loan balance. Upon notification of bankruptcy, unsecured debt is charged off. Additional charge-off may be realized as further unsecured positions are recognized. The following tables present loans individually evaluated for impairment by class of loans for the three months ended March 31, 2021 and March 31, 2020 and for the year ended December 31, 2020. (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2021 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 817 $ 817 $ - $ 508 $ 1 $ 2 Agricultural Real Estate 1,526 1,526 - 1,531 23 - Agricultural - - - 168 - - Commercial Real Estate 2,905 2,905 - 2,306 31 3 Commercial and Industrial 1,335 1,467 - 1,793 17 1 Consumer 21 21 - 21 - - With a specific allowance recorded: Consumer Real Estate 134 134 23 179 - 2 Agricultural Real Estate 5,106 5,106 1,086 5,160 - - Agricultural 292 292 - 214 4 - Commercial Real Estate - - - 917 - - Commercial and Industrial - - - 670 - - Consumer - - - - - - Totals: Consumer Real Estate $ 951 $ 951 $ 23 $ 687 $ 1 $ 4 Agricultural Real Estate $ 6,632 $ 6,632 $ 1,086 $ 6,691 $ 23 $ - Agricultural $ 292 $ 292 $ - $ 382 $ 4 $ - Commercial Real Estate $ 2,905 $ 2,905 $ - $ 3,223 $ 31 $ 3 Commercial and Industrial $ 1,335 $ 1,467 $ - $ 2,463 $ 17 $ 1 Consumer $ 21 $ 21 $ - $ 21 $ - $ - (In Thousands) Interest Year Ended December 31, 2020 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 799 $ 799 $ - $ 738 $ 22 $ 10 Agricultural Real Estate 1,546 1,549 - 729 18 12 Agricultural 291 291 - 392 3 3 Commercial Real Estate 185 185 - 195 13 - Commercial and Industrial 2,328 2,328 - 1,222 26 5 Consumer 23 23 - 16 - - With a specific allowance recorded: Consumer Real Estate 202 202 31 126 - 3 Agricultural Real Estate 5,210 5,210 600 3,175 6 102 Agricultural 176 176 116 188 - - Commercial Real Estate 2,765 2,765 20 2,524 128 - Commercial and Industrial 1,007 1,007 890 916 52 - Consumer - - - 11 1 - Totals: Consumer Real Estate $ 1,001 $ 1,001 $ 31 $ 864 $ 22 $ 13 Agricultural Real Estate $ 6,756 $ 6,759 $ 600 $ 3,904 $ 24 $ 114 Agricultural $ 467 $ 467 $ 116 $ 580 $ 3 $ 3 Commercial Real Estate $ 2,950 $ 2,950 $ 20 $ 2,719 $ 141 $ - Commercial and Industrial $ 3,335 $ 3,335 $ 890 $ 2,138 $ 78 $ 5 Consumer $ 23 $ 23 $ - $ 27 $ 1 $ - (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2020 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 644 $ 644 $ - $ 649 $ 5 $ 4 Agricultural Real Estate 30 30 - 291 3 - Agricultural 348 348 - 386 5 - Commercial Real Estate 186 186 - 224 3 - Commercial and Industrial 154 154 - 699 12 - Consumer 31 31 - 10 - - With a specific allowance recorded: Consumer Real Estate 194 194 34 212 - - Agricultural Real Estate 92 92 15 93 2 - Agricultural 121 121 12 121 - - Commercial Real Estate 3,109 3,109 95 1,036 39 - Commercial and Industrial 1,279 1,429 610 572 7 - Consumer - - - 21 - - Totals: Consumer Real Estate $ 838 $ 838 $ 34 $ 861 $ 5 $ 4 Agricultural Real Estate $ 122 $ 122 $ 15 $ 384 $ 5 $ - Agricultural $ 469 $ 469 $ 12 $ 507 $ 5 $ - Commercial Real Estate $ 3,295 $ 3,295 $ 95 $ 1,260 $ 42 $ - Commercial and Industrial $ 1,433 $ 1,583 $ 610 $ 1,271 $ 19 $ - Consumer $ 31 $ 31 $ - $ 31 $ - $ - As of March 31, 2021, the Company had The Allowance for Loan and Lease Losses (ALLL) has a direct impact on the provision expense. An increase in the ALLL is funded through recoveries and provision expense. The following tables summarize the activities in the allowance for credit losses. (In Thousands) Three Months Ended Twelve Months Ended March 31, 2021 December 31, 2020 Allowance for Loan & Lease Losses Balance at beginning of year $ 13,672 $ 7,228 Provision for loan loss 1,700 6,981 Loans charged off (1,013 ) (720 ) Recoveries 66 183 Allowance for Loan & Lease Losses $ 14,425 $ 13,672 Allowance for Unfunded Loan Commitments & Letters of Credit $ 1,052 $ 641 Total Allowance for Credit Losses $ 15,477 $ 14,313 The Company segregates its ALLL into two reserves: The ALLL and the Allowance for Unfunded Loan Commitments and Letters of Credit (AULC). When combined, these reserves constitute the total Allowance for Credit Losses (ACL). The ALLL does not include an accretable yield of $1.5 million and $1.7 million as March 31, 2021 and December 31, 2020 respectively, related to the acquisition of Bank of Geneva as previously discussed in Note 2. The AULC is reported within other liabilities on the balance sheet while the ALLL is netted within the loans, net asset line. The ACL presented above represents the full amount of reserves available to absorb possible credit losses. [ Remainder of this page intentionally left blank ] The following table breaks down the activity within ACL for each loan portfolio classification and shows the contribution provided by both the recoveries and the provision along with the reduction of the allowance caused by charge-offs. Additional analysis, presented in thousands, related to the allowance for credit losses for the three months ended March 31, 2021 and March 31, 2020 in addition to the ending balances as of December 31, 2020 is as follows: Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2021 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Charge Offs - - (142 ) - (809 ) (62 ) - - (1,013 ) Recoveries 3 - - 2 5 56 - - 66 Provision (Credit) (12 ) 428 57 251 66 (5 ) - 915 1,700 Other Non-interest expense related to unfunded - - - - - - 411 - 411 Ending Balance $ 624 $ 1,386 $ 616 $ 7,668 $ 2,608 $ 595 $ 1,052 $ 928 $ 15,477 Ending balance: individually evaluated for impairment $ 23 $ 1,086 $ - $ - $ - $ - $ - $ - $ 1,109 Ending balance: collectively evaluated for impairment $ 601 $ 300 $ 616 $ 7,668 $ 2,608 $ 595 $ 1,052 $ 928 $ 14,368 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 175,481 $ 179,639 $ 100,147 $ 617,512 $ 214,341 $ 54,559 $ - $ - $ 1,341,679 Ending balance: individually evaluated for impairment $ 951 $ 6,632 $ 292 $ 2,905 $ 1,335 $ 21 $ - $ - $ 12,136 Ending balance: collectively evaluated for impairment $ 174,489 $ 173,007 $ 99,855 $ 614,607 $ 212,927 $ 54,538 $ - $ - $ 1,329,423 Ending balance: loans acquired with deteriorated credit quality $ 41 $ - $ - $ - $ 79 $ - $ - $ - $ 120 December 31, 2020 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total ALLOWANCE FOR CREDIT LOSSES: Ending Balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Ending balance: individually evaluated for impairment $ 31 $ 600 $ 116 $ 20 $ 890 $ - $ - $ - $ 1,657 Ending balance: collectively evaluated for impairment $ 602 $ 358 $ 585 $ 7,395 $ 2,456 $ 606 $ 641 $ 13 $ 12,656 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 175,316 $ 188,826 $ 94,490 $ 587,654 $ 204,043 $ 52,661 $ - $ - $ 1,302,990 Ending balance: individually evaluated for impairment $ 1,001 $ 6,756 $ 467 $ 2,950 $ 3,335 $ 23 $ - $ - $ 14,532 Ending balance: collectively evaluated for impairment $ 174,273 $ 182,070 $ 94,023 $ 584,704 $ 200,602 $ 52,638 $ - $ - $ 1,288,310 Ending balance: loans acquired with deteriorated credit quality $ 42 $ - $ - $ - $ 106 $ - $ - $ - $ 148 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - - - (129 ) - - (164 ) Recoveries 3 - - 3 3 30 - - 39 Provision (Credit) 66 13 (26 ) 236 1,020 81 - 40 1,430 Other Non-interest expense related to unfunded - - - - - - (9 ) - (9 ) Ending Balance $ 345 $ 327 $ 665 $ 3,873 $ 2,750 $ 533 $ 470 $ 40 $ 9,003 Ending balance: individually evaluated for impairment $ 34 $ 15 $ 12 $ 95 $ 610 $ - $ - $ - $ 766 Ending balance: collectively evaluated for impairment $ 311 $ 312 $ 653 $ 3,778 $ 2,140 $ 533 $ 470 $ 40 $ 8,237 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,976 $ 194,130 $ 109,707 $ 568,991 $ 151,647 $ 49,190 $ - $ - $ 1,247,641 Ending balance: individually evaluated for impairment $ 838 $ 122 $ 469 $ 3,295 $ 1,433 $ 31 $ - $ - $ 6,188 Ending balance: collectively evaluated for impairment $ 173,093 $ 194,008 $ 109,238 $ 565,696 $ 150,111 $ 49,159 $ - $ - $ 1,241,305 Ending balance: loans acquired with deteriorated credit quality $ 45 $ - $ - $ - $ 103 $ - $ - $ - $ 148

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 5 EARNINGS PER SHARE Basic earnings per share are calculated using the two-class method. The two-class method is an earnings allocation formula under which earnings per share is calculated from common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered participating securities (i.e. unvested restricted stock), not subject to performance based measures. Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Application of the two-class method for participating securities results in a more dilutive basic earnings per share as the participating securities are allocated the same amount of income as if they are outstanding for purposes of basic earnings per share. There is no additional potential dilution in calculating diluted earnings per share, therefore basic and diluted earnings per share are the same amounts. Other than the restricted stock plan, the Company has no other employee stock based compensation plans. Beginning in 2020, the Compensation Committee of the Company has determined that it is appropriate to award shares of the common stock of the Company to Outside Directors and Employees that are officers of the Company or the Bank who also serve as Directors of the Company and the Bank as a portion of their retainer for services rendered as Directors of the Company and the Bank. The Committee believes that it is appropriate to award the Directors shares equal to a specific dollar amount, rounded to the nearest whole share on an annual basis commencing on June 5, 2020 and thereafter on the first Friday of June in each year. Directors receive a prorated dollar value of shares for a partial year of service. The value for the shares is to be based upon the closing price for shares on June 4, 2020 and thereafter on the first Thursday in June in each year. On June 5, 2020, each Director received approximately $4,000 which equated to 176 shares. On June 4, 2021, each Director will receive approximately $6,000 worth of shares based upon the closing price for shares on June 3, 2021. The use of stock for Directors’ retainer, does not have an effect on diluted earnings per share as it is immediately vested. (in thousands of dollars) Three Months Ended March 31, 2021 March 31, 2020 Earnings per share Net income $ 4,909 $ 4,105 Less: distributed earnings allocated to participating securities (15 ) (13 ) Less: undistributed earnings allocated to participating securities (23 ) (18 ) Net earnings available to common shareholders $ 4,871 $ 4,074 Weighted average common shares outstanding including participating securities 11,197,012 11,134,870 Less: average unvested restricted shares (86,595 ) (84,732 ) Weighted average common shares outstanding 11,110,417 11,050,138 Basic and diluted earnings per share $ 0.44 $ 0.37

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 6 FAIR VALUE OF FINANCIAL INSTRUMENTS Fair values of financial instruments are management's estimate of the values at which the instruments could be exchanged in a transaction between willing parties. These estimates are subjective and may vary significantly from amounts that would be realized in actual transactions. In addition, other significant assets are not considered financial assets including deferred tax assets, premises, equipment and intangibles. Further, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of the estimates. [ Remainder of this page intentionally left blank ] The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of March 31, 2021 and December 31, 2020 are reflected below. (In Thousands) March 31, 2021 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 175,500 $ 175,500 $ 175,500 $ - $ - Interest-bearing time deposits 4,405 4,451 - 4,451 - Securities - available-for-sale 352,974 352,974 43,325 308,110 1,539 Other securities 5,939 5,939 - - 5,939 Loans held for sale 7,511 7,511 - - 7,511 Loans, net 1,327,254 1,295,821 - - 1,295,821 Interest receivable 6,568 6,568 - - 6,568 Financial Liabilities: Interest bearing deposits $ 1,056,576 $ 1,056,600 $ - $ - $ 1,056,600 Non-interest bearing deposits 384,558 384,558 - 384,558 - Time deposits 242,717 244,235 - - 244,235 Total Deposits 1,683,851 1,685,393 - 384,558 1,300,835 Federal funds purchased and securities sold under agreement to repurchase 30,072 30,072 - - 30,072 Federal Home Loan Bank advances 17,840 17,845 - - 17,845 Interest payable 357 357 - - 357 (In Thousands) December 31, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 175,706 $ 175,706 $ 175,706 $ - $ - Interest-bearing time deposits 4,653 4,677 - 4,677 - Securities - available-for-sale 307,812 307,812 - 306,250 1,562 Other securities 5,939 5,939 - - 5,939 Loans held for sale 7,740 7,740 - - 7,740 Loans, net 1,289,318 1,261,440 - - 1,261,440 Interest receivable 6,188 6,188 - - 6,188 Financial Liabilities: Interest bearing deposits $ 997,462 $ 1,004,608 $ - $ - $ 1,004,608 Non-interest bearing deposits 351,147 351,147 - 351,147 - Time deposits 247,553 250,135 - - 250,135 Total Deposits 1,596,162 1,605,890 - 351,147 1,254,743 Federal funds purchased and securities sold under agreement to repurchase 30,239 30,239 - - 30,239 Federal Home Loan Bank advances 17,861 17,872 - - 17,872 Interest payable 338 338 - - 338 Fair Value Measurements In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities in active markets that the Company has the ability to access. Available-for-sale securities, when quoted prices are available in an active market, securities are valued using the quoted price and are classified as Level 1. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Available-for-sale securities classified as Level 2 are valued using the prices obtained from an independent pricing service. The prices are not adjusted. Securities of obligations of state and political subdivisions are valued using a type of matrix, or grid, pricing in which securities are benchmarked against the treasury rate based on credit rating. Substantially all assumptions used by the independent pricing service are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. The Bank holds some local municipals that the Bank evaluates based on the credit strength of the underlying project. The fair value is determined by valuing similar credit payment streams at similar rates. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company's assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. The following summarizes financial assets measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020, segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) March 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ 43,325 $ - $ - U.S. Government agencies - 130,799 - Mortgage-backed securities - 116,363 - State and local governments - 60,948 1,539 Total Securities Available-for-Sale $ 43,325 $ 308,110 $ 1,539 December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ - $ - $ - U.S. Government agencies - 124,241 - Mortgage-backed securities - 113,056 - State and local governments - 68,953 1,562 Total Securities Available-for-Sale $ - $ 306,250 $ 1,562 The following tables represent the changes in the Level 3 fair-value category of which unobservable inputs are relied upon as of the three month periods ended March 31, 2021 and March 31, 2020. (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2021 $ - $ 1,562 $ 1,562 Change in Market Value - (23 ) (23 ) Payments & Maturities - - - Balance at March 31, 2021 $ - $ 1,539 $ 1,539 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2020 $ - $ 1,490 $ 1,490 Change in Market Value - 47 47 Payments & Maturities - - - Balance at March 31, 2020 $ - $ 1,537 $ 1,537 Most of the Company's available-for-sale securities, including any bonds issued by local municipalities, have CUSIP numbers or have similar characteristics of those in the municipal markets, making them marketable and comparable as Level 2. The Company also has assets that, under certain conditions, are subject to measurement at fair value on a non-recurring basis. At March 31, 2021 and December 31, 2020, such assets consist primarily of collateral dependent impaired loans. Collateral dependent impaired loans categorized as Level 3 assets consist of non-homogeneous loans that are considered impaired. The Company estimates the fair value of the loans based on the present value of expected future cash flows using management's best estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals.) At March 31, 2021 and December 31, 2020, fair value of collateral dependent impaired loans categorized as Level 3 was $4.1 million and $7.7 million, respectively. The specific allocation for impaired loans was $1.1 million and $1.7 million as of March 31, 2021 and December 31, 2020, respectively, which are accounted for in the allowance for loan losses (see Note 4). Other real estate is reported at either the lower of the fair value of the real estate minus the estimated costs to sell the asset or the cost of the asset. The determination of fair value of the real estate relies primarily on appraisals from third parties. If the fair value of the real estate, minus the estimated costs to sell the asset, is less than the asset's cost, the deficiency is recognized as a valuation allowance against the asset through a charge to expense. The valuation allowance is therefore increased or decreased, through charges or credits to expense, for changes in the asset's fair value or estimated selling costs. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted March 31, 2021 Valuation Technique Unobservable Inputs Average) State and local government $ 1,539 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 1.32-1.32% (1.32%) Collateral dependent impaired loans 4,130 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 20.00-41.61% (40.35%) (In Thousands) Range Fair Value at (Weighted December 31, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,562 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 1.19-1.19% (1.19%) Collateral dependent impaired loans 7,703 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0.71-100% (17.71%) The following table presents impaired loans as recorded at fair value on March 31, 2021 and December 31, 2020: Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2021 (In Thousands) Balance at March 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 4,130 $ - $ - $ 4,130 Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020 (In Thousands) Balance at December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 7,703 $ - $ - $ 7,703

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	3 Months Ended
	Mar. 31, 2021
Brokers And Dealers [Abstract]
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	NOTE 7 FEDERAL FUNDS PURCHASED AND SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE The Company had no federal funds purchased as of March 31, 2021 and December 31, 2020. During the same time periods, the Company also had $30.1 million and $30.2 million in securities sold under agreement to repurchase. March 31, 2021 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,732 - - 28,340 30,072 $ 1,732 $ - $ - $ 28,340 $ 30,072 December 31, 2020 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,899 - 3,900 24,440 30,239 $ 1,899 $ - $ 3,900 $ 24,440 $ 30,239

Proposed Business Combination

Proposed Business Combination	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Proposed Business Combination	NOTE 8 PROPOSED BUSINESS COMBINATION On December 21, 2020, the Company announced they have signed an agreement and plan of reorganization and merger (the Agreement) whereby F&M will acquire Ossian Financial Services, Inc., (OFSI), the holding company for Ossian State Bank, in a cash transaction. OFSI operates two full-service offices in Northeast Indiana and has approximately $122 million in assets, $58 million in loans, $108 million in deposits and $11.9 million in consolidated equity as of September 30, 2020. OFSI is taxed as an S-Corporation. The expected closing date is midnight on April 30, 2021. Subject to the terms of the Agreement, which has been unanimously approved by the Board of Directors of each company, aggregate cash consideration of the deal is equal to $20 million, representing $67.71 per share. The consideration is subject to potential adjustment, as set forth in the Agreement, in the event that OFSI’s equity capital is less than $12 million at closing. In 2021, the Company incurred $180 thousand of third-party acquisition related costs. These expenses are comprised of consulting fees of $74 thousand and other general and administrative expense of $106 thousand in the Company’s consolidated statement of income for the three months ended March 31, 2021.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 9 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company has completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption can be postponed until periods beginning after December 15, 2022 (i.e., January 1, 2023, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has contracted with an external advisor and has formed a committee to determine the methodology to be used. Most importantly, the Company is gathering as much data as possible to enable management to review scenarios and determine which calculations will produce the most reliable results. The Company began working with the third-party service provider to review parallel reports starting in June 2019. The Company has not adopted ASU 2016-13 in calendar year 2021 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 9 RECENT ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU was effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e., January 1, 2020, for calendar year entities). FASB subsequently approved a delay in adoption for Smaller Reporting Companies. The Company has completed an analysis to determine that it qualifies as a Smaller Reporting Company. As such, adoption can be postponed until periods beginning after December 15, 2022 (i.e., January 1, 2023, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company has contracted with an external advisor and has formed a committee to determine the methodology to be used. Most importantly, the Company is gathering as much data as possible to enable management to review scenarios and determine which calculations will produce the most reliable results. The Company began working with the third-party service provider to review parallel reports starting in June 2019. The Company has not adopted ASU 2016-13 in calendar year 2021 and management is currently evaluating when or if they would elect to early adopt ASU 2016-13.

Business Combination and Asse_2

Business Combination and Asset Purchase (Tables)	3 Months Ended
	Mar. 31, 2021
Business Acquisition [Line Items]
Summary of Changes in Accretable Yield or Income Expected to be Collected	Changes in accretable yield, or income expected to be collected, for the three months ended are as follows: Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 (In Thousands) (In Thousands) Beginning Balance $ 1,653 $ 2,021 Additions 1 1 Accretion (108 ) (106 ) Reclassification from nonaccretable difference - 62 Disposals (4 ) - Ending Balance $ 1,542 $ 1,978
Schedule of Annual Amortization of Core Deposit Intangible Assets	Annual amortization of core deposit intangible assets is as follows: (In Thousands) Geneva 2021 $ 560 2022 560 2023 560 2024 560 2025 560 Thereafter - $ 2,800
Customer Lists [Member]
Business Acquisition [Line Items]
Schedule of Annual Amortization of Core Deposit Intangible Assets	Future amortization expense of customer list intangible is as follows: (In Thousands) Adams County Financial Resources 2021 $ 123 2022 123 2023 123 2024 123 2025 123 Thereafter 169 $ 784
Adams County Financial Resources
Business Acquisition [Line Items]
Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized	The following table summarizes the consideration paid for ACFR and the amounts of the assets acquired: Fair Value of Consideration Transferred (In Thousands) Common Shares (40,049 shares) $ 825 Total $ 825 Recognized amounts of identifiable assets acquired Assets Premises and equipment $ 25 Customer list intangible 800 Total Assets Purchased $ 825

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]
Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses	The amortized cost and fair value of securities, with gross unrealized gains and losses at March 31, 2021 and December 31, 2020, are as follows (In Thousands) March 31, 2021 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ 44,059 $ - $ (734 ) $ 43,325 U.S. Government agencies 131,419 1,378 (1,998 ) 130,799 Mortgage-backed securities 116,160 1,583 (1,380 ) 116,363 State and local governments 61,156 1,856 (525 ) 62,487 Total available-for-sale securities $ 352,794 $ 4,817 $ (4,637 ) $ 352,974 (In Thousands) December 31, 2020 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value Available-for-Sale: U.S. Treasury $ - $ - $ - $ - U.S. Government agencies 122,514 1,857 (130 ) 124,241 Mortgage-backed securities 110,828 2,228 - 113,056 State and local governments 67,260 3,265 (10 ) 70,515 Total available-for-sale securities $ 300,602 $ 7,350 $ (140 ) $ 307,812
Gross Unrealized Losses, Aggregated by Investment Category and Length of Time	Information pertaining to securities with gross unrealized losses at March 31, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows: (In Thousands) March 31, 2021 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ (734 ) $ 43,325 $ - $ - $ (734 ) $ 43,325 U.S. Government agencies (1,998 ) 94,069 - - (1,998 ) 94,069 Mortgage-backed securities (1,380 ) 57,940 - - (1,380 ) 57,940 State and local governments (525 ) 17,720 - - (525 ) 17,720 Total available-for-sale securities $ (4,637 ) $ 213,054 $ - $ - $ (4,637 ) $ 213,054 (In Thousands) December 31, 2020 Less Than Twelve Months Twelve Months & Over Total Gross Unrealized Fair Gross Unrealized Fair Gross Unrealized Fair Losses Value Losses Value Losses Value U.S. Treasury $ - $ - $ - $ - $ - $ - U.S. Government agencies (130 ) 48,331 - - (130 ) 48,331 Mortgage-backed securities - - - - - - State and local governments (10 ) 3,562 - - (10 ) 3,562 Total available-for-sale securities $ (140 ) $ 51,893 $ - $ - $ (140 ) $ 51,893
Gross Realized Gains and Losses	Below are the gross realized gains and losses for the three months ended March 31, 2021 and March 31, 2020. Three Months (In Thousands) 2021 2020 Gross realized gains $ 293 $ 270 Gross realized losses - - Net realized gains $ 293 $ 270 Tax expense related to net realized gains $ 62 $ 57
Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity	The amortized cost and fair value of debt securities at March 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value One year or less $ 7,849 $ 7,966 After one year through five years 76,476 77,041 After five years through ten years 151,959 151,248 After ten years 350 356 Total $ 236,634 $ 236,611 Mortgage-backed securities 116,160 116,363 Total $ 352,794 $ 352,974

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans	Loan balances as of March 31, 2021 and December 31, 2020 are summarized below: (In Thousands) Loans: March 31, 2021 December 31, 2020 Consumer Real Estate $ 175,675 $ 175,588 Agricultural Real Estate 179,945 189,159 Agricultural 100,022 94,358 Commercial Real Estate 618,754 588,825 Commercial and Industrial 202,958 189,246 Consumer 54,445 52,540 Other 14,088 15,757 1,345,887 1,305,473 Less: Net deferred loan fees and costs (4,208 ) (2,483 ) 1,341,679 1,302,990 Less: Allowance for loan losses (14,425 ) (13,672 ) Loans - Net $ 1,327,254 $ 1,289,318
Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category	The distribution of fixed rate loans and variable rate loans by major loan category is as follows as of March 31, 2021: (In Thousands) Fixed Variable Rate Rate Consumer Real Estate $ 127,467 $ 48,208 Agricultural Real Estate 105,009 74,936 Agricultural 87,924 12,098 Commercial Real Estate 492,252 126,502 Commercial and Industrial 172,598 30,360 Consumer 50,558 3,887 Other 14,084 4
Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans	The following table represents the contractual aging of the recorded investment (in thousands) in past due loans by portfolio classification of loans as of March 31, 2021 and December 31, 2020, net of deferred loan fees and costs: March 31, 2021 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 284 $ - $ 1,019 $ 1,303 $ 174,178 $ 175,481 $ - Agricultural Real Estate - - 88 88 179,551 179,639 - Agricultural - - - - 100,147 100,147 - Commercial Real Estate - - 183 183 617,329 617,512 - Commercial and Industrial - - 794 794 213,547 214,341 - Consumer 6 1 - 7 54,552 54,559 - Total $ 290 $ 1 $ 2,084 $ 2,375 $ 1,339,304 $ 1,341,679 $ - December 31, 2020 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment > 90 Days and Accruing Consumer Real Estate $ 269 $ 191 $ 1,032 $ 1,492 $ 173,824 $ 175,316 $ - Agricultural Real Estate - - 88 88 188,738 188,826 - Agricultural - - 176 176 94,314 94,490 - Commercial Real Estate - - 185 185 587,469 587,654 - Commercial and Industrial - 750 983 1,733 202,310 204,043 - Consumer 53 - - 53 52,608 52,661 - Total $ 322 $ 941 $ 2,464 $ 3,727 $ 1,299,263 $ 1,302,990 $ -
Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans	The following table presents the recorded investment in nonaccrual loans by class of loans as of March 31, 2021 and December 31, 2020: (In Thousands) March 31, 2021 December 31, 2020 Consumer Real Estate $ 1,370 $ 1,546 Agricultural Real Estate 5,195 5,575 Agricultural - 307 Commercial Real Estate 663 665 Commercial & Industrial 898 1,296 Consumer 13 15 Total $ 8,139 $ 9,404
Risk Category of Loans by Portfolio Class	The following table represents the risk category of loans by portfolio class, net of deferred fees and costs, based on the most recent analysis performed as of March 31, 2021 and December 31, 2020: (In Thousands) Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other March 31, 2021 1-2 $ 12,001 $ 1,637 $ 10,731 $ 53,577 $ - 3 33,850 26,549 163,758 24,926 3,295 4 111,704 70,589 422,632 114,991 10,793 5 7,188 1,319 4,363 2,839 - 6 14,896 53 16,028 3,788 - 7 - - - 132 - 8 - - - - - Total $ 179,639 $ 100,147 $ 617,512 $ 200,253 $ 14,088 Agricultural Commercial Commercial Real Estate Agricultural Real Estate and Industrial Other December 31, 2020 1-2 $ 11,960 $ 5,093 $ 11,001 $ 38,486 $ - 3 38,306 23,779 165,201 26,515 4,651 4 112,465 63,480 396,076 114,108 11,106 5 7,478 1,577 4,010 3,266 - 6 18,617 561 11,366 4,796 - 7 - - - 1,115 - 8 - - - - - Total $ 188,826 $ 94,490 $ 587,654 $ 188,286 $ 15,757
Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity	The following tables present the recorded investment in those classes based on payment activity and assigned risk grading as of March 31, 2021 and December 31, 2020. (In Thousands) Consumer Consumer Real Estate Real Estate March 31, 2021 December 31, 2020 Grade Pass $ 172,062 $ 171,667 Special Mention (5) 1,265 1,284 Substandard (6) 2,154 2,365 Doubtful (7) - - Total $ 175,481 $ 175,316 (In Thousands) Consumer - Credit Consumer - Other March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Performing $ 3,299 $ 3,660 $ 51,134 $ 48,855 Nonperforming 11 10 115 136 Total $ 3,310 $ 3,670 $ 51,249 $ 48,991
Schedule of Impaired Loans	Information about impaired loans as of March 31, 2021, December 31, 2020 and March 31, 2020 are as follows: (In Thousands) March 31, 2021 December 31, 2020 March 31, 2020 Impaired loans without a valuation allowance $ 6,604 $ 5,172 $ 1,393 Impaired loans with a valuation allowance 5,532 9,360 4,795 Total impaired loans $ 12,136 $ 14,532 $ 6,188 Valuation allowance related to impaired loans $ 1,109 $ 1,657 $ 766 Total non-accrual loans $ 8,139 $ 9,404 $ 3,344 Total loans past-due ninety days or more and still accruing $ - $ - $ - Quarter ended average investment in impaired loans $ 13,467 $ 14,868 $ 4,314 Year to date average investment in impaired loans $ 13,467 $ 10,234 $ 4,314
Impaired Loans Classified as Troubled Debt Restructured	The following tables represents three months ended March 31, 2021 and 2020: Pre- Post- Three Months Number of Modification Modification March 31, 2021 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Consumer Real Estate - $ - $ - Pre- Post- Three Months Number of Modification Modification March 31, 2020 Contracts Outstanding Outstanding (in thousands) Modified in the Recorded Recorded Troubled Debt Restructurings Last Three Months Investment Investment Consumer Real Estate 2 $ 981 $ 981
Loans Individually Evaluated for Impairment by Portfolio Class of Loans	The following tables present loans individually evaluated for impairment by class of loans for the three months ended March 31, 2021 and March 31, 2020 and for the year ended December 31, 2020. (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2021 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 817 $ 817 $ - $ 508 $ 1 $ 2 Agricultural Real Estate 1,526 1,526 - 1,531 23 - Agricultural - - - 168 - - Commercial Real Estate 2,905 2,905 - 2,306 31 3 Commercial and Industrial 1,335 1,467 - 1,793 17 1 Consumer 21 21 - 21 - - With a specific allowance recorded: Consumer Real Estate 134 134 23 179 - 2 Agricultural Real Estate 5,106 5,106 1,086 5,160 - - Agricultural 292 292 - 214 4 - Commercial Real Estate - - - 917 - - Commercial and Industrial - - - 670 - - Consumer - - - - - - Totals: Consumer Real Estate $ 951 $ 951 $ 23 $ 687 $ 1 $ 4 Agricultural Real Estate $ 6,632 $ 6,632 $ 1,086 $ 6,691 $ 23 $ - Agricultural $ 292 $ 292 $ - $ 382 $ 4 $ - Commercial Real Estate $ 2,905 $ 2,905 $ - $ 3,223 $ 31 $ 3 Commercial and Industrial $ 1,335 $ 1,467 $ - $ 2,463 $ 17 $ 1 Consumer $ 21 $ 21 $ - $ 21 $ - $ - (In Thousands) Interest Year Ended December 31, 2020 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 799 $ 799 $ - $ 738 $ 22 $ 10 Agricultural Real Estate 1,546 1,549 - 729 18 12 Agricultural 291 291 - 392 3 3 Commercial Real Estate 185 185 - 195 13 - Commercial and Industrial 2,328 2,328 - 1,222 26 5 Consumer 23 23 - 16 - - With a specific allowance recorded: Consumer Real Estate 202 202 31 126 - 3 Agricultural Real Estate 5,210 5,210 600 3,175 6 102 Agricultural 176 176 116 188 - - Commercial Real Estate 2,765 2,765 20 2,524 128 - Commercial and Industrial 1,007 1,007 890 916 52 - Consumer - - - 11 1 - Totals: Consumer Real Estate $ 1,001 $ 1,001 $ 31 $ 864 $ 22 $ 13 Agricultural Real Estate $ 6,756 $ 6,759 $ 600 $ 3,904 $ 24 $ 114 Agricultural $ 467 $ 467 $ 116 $ 580 $ 3 $ 3 Commercial Real Estate $ 2,950 $ 2,950 $ 20 $ 2,719 $ 141 $ - Commercial and Industrial $ 3,335 $ 3,335 $ 890 $ 2,138 $ 78 $ 5 Consumer $ 23 $ 23 $ - $ 27 $ 1 $ - (In Thousands) QTD QTD QTD Interest Three Months Ended March 31, 2020 Unpaid Average Interest Income Recorded Principal Related Recorded Income Recognized Investment Balance Allowance Investment Recognized Cash Basis With no related allowance recorded: Consumer Real Estate $ 644 $ 644 $ - $ 649 $ 5 $ 4 Agricultural Real Estate 30 30 - 291 3 - Agricultural 348 348 - 386 5 - Commercial Real Estate 186 186 - 224 3 - Commercial and Industrial 154 154 - 699 12 - Consumer 31 31 - 10 - - With a specific allowance recorded: Consumer Real Estate 194 194 34 212 - - Agricultural Real Estate 92 92 15 93 2 - Agricultural 121 121 12 121 - - Commercial Real Estate 3,109 3,109 95 1,036 39 - Commercial and Industrial 1,279 1,429 610 572 7 - Consumer - - - 21 - - Totals: Consumer Real Estate $ 838 $ 838 $ 34 $ 861 $ 5 $ 4 Agricultural Real Estate $ 122 $ 122 $ 15 $ 384 $ 5 $ - Agricultural $ 469 $ 469 $ 12 $ 507 $ 5 $ - Commercial Real Estate $ 3,295 $ 3,295 $ 95 $ 1,260 $ 42 $ - Commercial and Industrial $ 1,433 $ 1,583 $ 610 $ 1,271 $ 19 $ - Consumer $ 31 $ 31 $ - $ 31 $ - $ -
Summary of Activities in Allowance for Credit Losses	The following tables summarize the activities in the allowance for credit losses. (In Thousands) Three Months Ended Twelve Months Ended March 31, 2021 December 31, 2020 Allowance for Loan & Lease Losses Balance at beginning of year $ 13,672 $ 7,228 Provision for loan loss 1,700 6,981 Loans charged off (1,013 ) (720 ) Recoveries 66 183 Allowance for Loan & Lease Losses $ 14,425 $ 13,672 Allowance for Unfunded Loan Commitments & Letters of Credit $ 1,052 $ 641 Total Allowance for Credit Losses $ 15,477 $ 14,313
Analysis of Allowance for Credit Losses	Additional analysis, presented in thousands, related to the allowance for credit losses for the three months ended March 31, 2021 and March 31, 2020 in addition to the ending balances as of December 31, 2020 is as follows: Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2021 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Charge Offs - - (142 ) - (809 ) (62 ) - - (1,013 ) Recoveries 3 - - 2 5 56 - - 66 Provision (Credit) (12 ) 428 57 251 66 (5 ) - 915 1,700 Other Non-interest expense related to unfunded - - - - - - 411 - 411 Ending Balance $ 624 $ 1,386 $ 616 $ 7,668 $ 2,608 $ 595 $ 1,052 $ 928 $ 15,477 Ending balance: individually evaluated for impairment $ 23 $ 1,086 $ - $ - $ - $ - $ - $ - $ 1,109 Ending balance: collectively evaluated for impairment $ 601 $ 300 $ 616 $ 7,668 $ 2,608 $ 595 $ 1,052 $ 928 $ 14,368 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 175,481 $ 179,639 $ 100,147 $ 617,512 $ 214,341 $ 54,559 $ - $ - $ 1,341,679 Ending balance: individually evaluated for impairment $ 951 $ 6,632 $ 292 $ 2,905 $ 1,335 $ 21 $ - $ - $ 12,136 Ending balance: collectively evaluated for impairment $ 174,489 $ 173,007 $ 99,855 $ 614,607 $ 212,927 $ 54,538 $ - $ - $ 1,329,423 Ending balance: loans acquired with deteriorated credit quality $ 41 $ - $ - $ - $ 79 $ - $ - $ - $ 120 December 31, 2020 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total ALLOWANCE FOR CREDIT LOSSES: Ending Balance $ 633 $ 958 $ 701 $ 7,415 $ 3,346 $ 606 $ 641 $ 13 $ 14,313 Ending balance: individually evaluated for impairment $ 31 $ 600 $ 116 $ 20 $ 890 $ - $ - $ - $ 1,657 Ending balance: collectively evaluated for impairment $ 602 $ 358 $ 585 $ 7,395 $ 2,456 $ 606 $ 641 $ 13 $ 12,656 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 175,316 $ 188,826 $ 94,490 $ 587,654 $ 204,043 $ 52,661 $ - $ - $ 1,302,990 Ending balance: individually evaluated for impairment $ 1,001 $ 6,756 $ 467 $ 2,950 $ 3,335 $ 23 $ - $ - $ 14,532 Ending balance: collectively evaluated for impairment $ 174,273 $ 182,070 $ 94,023 $ 584,704 $ 200,602 $ 52,638 $ - $ - $ 1,288,310 Ending balance: loans acquired with deteriorated credit quality $ 42 $ - $ - $ - $ 106 $ - $ - $ - $ 148 Consumer Real Estate Agricultural Real Estate Agricultural Commercial Real Estate Commercial and Industrial Consumer Unfunded Loan Commitment & Letters of Credit Unallocated Total Three Months Ended March 31, 2020 ALLOWANCE FOR CREDIT LOSSES: Beginning balance $ 311 $ 314 $ 691 $ 3,634 $ 1,727 $ 551 $ 479 $ - $ 7,707 Charge Offs (35 ) - - - - (129 ) - - (164 ) Recoveries 3 - - 3 3 30 - - 39 Provision (Credit) 66 13 (26 ) 236 1,020 81 - 40 1,430 Other Non-interest expense related to unfunded - - - - - - (9 ) - (9 ) Ending Balance $ 345 $ 327 $ 665 $ 3,873 $ 2,750 $ 533 $ 470 $ 40 $ 9,003 Ending balance: individually evaluated for impairment $ 34 $ 15 $ 12 $ 95 $ 610 $ - $ - $ - $ 766 Ending balance: collectively evaluated for impairment $ 311 $ 312 $ 653 $ 3,778 $ 2,140 $ 533 $ 470 $ 40 $ 8,237 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - $ - FINANCING RECEIVABLES: Ending balance $ 173,976 $ 194,130 $ 109,707 $ 568,991 $ 151,647 $ 49,190 $ - $ - $ 1,247,641 Ending balance: individually evaluated for impairment $ 838 $ 122 $ 469 $ 3,295 $ 1,433 $ 31 $ - $ - $ 6,188 Ending balance: collectively evaluated for impairment $ 173,093 $ 194,008 $ 109,238 $ 565,696 $ 150,111 $ 49,159 $ - $ - $ 1,241,305 Ending balance: loans acquired with deteriorated credit quality $ 45 $ - $ - $ - $ 103 $ - $ - $ - $ 148

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Calculation of Basic Earnings Per Share	(in thousands of dollars) Three Months Ended March 31, 2021 March 31, 2020 Earnings per share Net income $ 4,909 $ 4,105 Less: distributed earnings allocated to participating securities (15 ) (13 ) Less: undistributed earnings allocated to participating securities (23 ) (18 ) Net earnings available to common shareholders $ 4,871 $ 4,074 Weighted average common shares outstanding including participating securities 11,197,012 11,134,870 Less: average unvested restricted shares (86,595 ) (84,732 ) Weighted average common shares outstanding 11,110,417 11,050,138 Basic and diluted earnings per share $ 0.44 $ 0.37

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Estimated Fair Values and Related Carrying or Notional Amounts	The estimated fair values, and related carrying or notional amounts, for on and off-balance sheet financial instruments as of March 31, 2021 and December 31, 2020 are reflected below. (In Thousands) March 31, 2021 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 175,500 $ 175,500 $ 175,500 $ - $ - Interest-bearing time deposits 4,405 4,451 - 4,451 - Securities - available-for-sale 352,974 352,974 43,325 308,110 1,539 Other securities 5,939 5,939 - - 5,939 Loans held for sale 7,511 7,511 - - 7,511 Loans, net 1,327,254 1,295,821 - - 1,295,821 Interest receivable 6,568 6,568 - - 6,568 Financial Liabilities: Interest bearing deposits $ 1,056,576 $ 1,056,600 $ - $ - $ 1,056,600 Non-interest bearing deposits 384,558 384,558 - 384,558 - Time deposits 242,717 244,235 - - 244,235 Total Deposits 1,683,851 1,685,393 - 384,558 1,300,835 Federal funds purchased and securities sold under agreement to repurchase 30,072 30,072 - - 30,072 Federal Home Loan Bank advances 17,840 17,845 - - 17,845 Interest payable 357 357 - - 357 (In Thousands) December 31, 2020 Carrying Fair Amount Value Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 175,706 $ 175,706 $ 175,706 $ - $ - Interest-bearing time deposits 4,653 4,677 - 4,677 - Securities - available-for-sale 307,812 307,812 - 306,250 1,562 Other securities 5,939 5,939 - - 5,939 Loans held for sale 7,740 7,740 - - 7,740 Loans, net 1,289,318 1,261,440 - - 1,261,440 Interest receivable 6,188 6,188 - - 6,188 Financial Liabilities: Interest bearing deposits $ 997,462 $ 1,004,608 $ - $ - $ 1,004,608 Non-interest bearing deposits 351,147 351,147 - 351,147 - Time deposits 247,553 250,135 - - 250,135 Total Deposits 1,596,162 1,605,890 - 351,147 1,254,743 Federal funds purchased and securities sold under agreement to repurchase 30,239 30,239 - - 30,239 Federal Home Loan Bank advances 17,861 17,872 - - 17,872 Interest payable 338 338 - - 338
Financial Assets Measured at Fair Value on Recurring Basis	The following summarizes financial assets measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020, segregated by level or the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) March 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ 43,325 $ - $ - U.S. Government agencies - 130,799 - Mortgage-backed securities - 116,363 - State and local governments - 60,948 1,539 Total Securities Available-for-Sale $ 43,325 $ 308,110 $ 1,539 December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets - (Securities Available-for-Sale) U.S. Treasury $ - $ - $ - U.S. Government agencies - 124,241 - Mortgage-backed securities - 113,056 - State and local governments - 68,953 1,562 Total Securities Available-for-Sale $ - $ 306,250 $ 1,562
Changes in the Level 3 Fair-Value Category of Unobservable Inputs	The following tables represent the changes in the Level 3 fair-value category of which unobservable inputs are relied upon as of the three month periods ended March 31, 2021 and March 31, 2020. (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2021 $ - $ 1,562 $ 1,562 Change in Market Value - (23 ) (23 ) Payments & Maturities - - - Balance at March 31, 2021 $ - $ 1,539 $ 1,539 (In Thousands) Fair Value Measurements Using Significant Unobservable Inputs (Level 3) State and Local Governments Tax-Exempt State and Local Governments Taxable State and Local Governments Total Balance at January 1, 2020 $ - $ 1,490 $ 1,490 Change in Market Value - 47 47 Payments & Maturities - - - Balance at March 31, 2020 $ - $ 1,537 $ 1,537
Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements: (In Thousands) Range Fair Value at (Weighted March 31, 2021 Valuation Technique Unobservable Inputs Average) State and local government $ 1,539 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 1.32-1.32% (1.32%) Collateral dependent impaired loans 4,130 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 20.00-41.61% (40.35%) (In Thousands) Range Fair Value at (Weighted December 31, 2020 Valuation Technique Unobservable Inputs Average) State and local government $ 1,562 Discounted Cash Flow Credit strength of underlying project or entity / Discount rate 1.19-1.19% (1.19%) Collateral dependent impaired loans 7,703 Collateral based measurements Discount to reflect current market conditions and ultimate collectability 0.71-100% (17.71%)
Impaired Loans	The following table presents impaired loans as recorded at fair value on March 31, 2021 and December 31, 2020: Assets Measured at Fair Value on a Nonrecurring Basis at March 31, 2021 (In Thousands) Balance at March 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 4,130 $ - $ - $ 4,130 Assets Measured at Fair Value on a Nonrecurring Basis at December 31, 2020 (In Thousands) Balance at December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent impaired loans $ 7,703 $ - $ - $ 7,703

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)	3 Months Ended
	Mar. 31, 2021
Brokers And Dealers [Abstract]
Schedule of Remaining Contractual Maturity in Repurchase Agreements	March 31, 2021 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,732 - - 28,340 30,072 $ 1,732 $ - $ - $ 28,340 $ 30,072 December 31, 2020 Remaining Contractual Maturity of the Agreements (In Thousands) Overnight & Continuous Up to 30 days 30-90 Greater Than 90 days Total Repurchase agreements US Treasury & agency securities 1,899 - 3,900 24,440 30,239 $ 1,899 $ - $ 3,900 $ 24,440 $ 30,239

Business Combination and Asse_3

Business Combination and Asset Purchase - Additional Information (Detail) $ / shares in Units, $ in Thousands	Nov. 16, 2020USD ($)shares	Jan. 01, 2019USD ($)Office$ / sharesshares	Mar. 31, 2021USD ($)shares	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)shares	Nov. 30, 2020USD ($)Client
Business Acquisition [Line Items]
Common stock, shares outstanding | shares			12,230,000		12,230,000
Recognition of core deposit intangible asset with acquired purchase			$ 3,900
Remaining economic useful life			7 years
Goodwill			$ 47,340		$ 47,340
Amortization expense			140	$ 182
Amortization expense for 2021			560
Custar [Member]
Business Acquisition [Line Items]
Amortization expense				$ 42
Customer Lists [Member]
Business Acquisition [Line Items]
Amortization expense			31
Amortization expense for 2021			123
Bank of Geneva [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office		6
Limberlost Bancshares, Inc. [Member]
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share | shares		1,830,000
Cash payment for exchange of each share | $ / shares		$ 8,465
Common stock, shares outstanding | shares		1,000
Share price | $ / shares		$ 38.49
Total consideration for acquisition		$ 78,900
Cash paid for acquisition		8,500
Stock issued for acquisition		70,400
Goodwill		43,300
Limberlost Bancshares, Inc. [Member] | Core Deposits [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase		$ 3,900
Remaining economic useful life		7 years
Adams County Financial Resources
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share | shares	40,049
Total consideration for acquisition	$ 825
Stock issued for acquisition	825
Assets under management amount						$ 83,000
Number of clients assets under management | Client						450
Increase to noninterest income	500
Adams County Financial Resources | Customer Lists [Member]
Business Acquisition [Line Items]
Recognition of core deposit intangible asset with acquired purchase	$ 800
Remaining economic useful life	6 years 6 months
Amortization expense for 2021			$ 123

Business Combination and Asse_4

Business Combination and Asset Purchase - Summary of Changes in Accretable Yield or Income Expected to be Collected (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Business Combinations [Abstract]
Beginning Balance	$ 1,653	$ 2,021
Additions	1	1
Accretion	(108)	(106)
Reclassification from nonaccretable difference		62
Disposals	(4)
Ending Balance	$ 1,542	$ 1,978

Business Combination and Asse_5

Business Combination and Asset Purchase - Schedule of Annual Amortization of Core Deposit Intangible Assets (Detail) $ in Thousands	Mar. 31, 2021USD ($)
Business Acquisition [Line Items]
2021	$ 560
Customer Lists [Member]
Business Acquisition [Line Items]
2021	123
Geneva [Member]
Business Acquisition [Line Items]
2021	560
2022	560
2023	560
2024	560
2025	560
Finite-Lived Intangible Assets, Net	2,800
Adams County Financial Resources | Customer Lists [Member]
Business Acquisition [Line Items]
2021	123
2022	123
2023	123
2024	123
2025	123
Thereafter	169
Finite-Lived Intangible Assets, Net	$ 784

Business Combination and Asse_6

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Detail) - Adams County Financial Resources $ in Thousands	Nov. 16, 2020USD ($)
Business Acquisition [Line Items]
Common Shares (40,049 shares)	$ 825
Total	825
Assets
Premises and equipment	25
Customer list intangible	800
Total Assets Purchased	$ 825

Business Combination and Asse_7

Business Combination and Asset Purchase - Summary of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed Recognized (Parenthetical) (Detail)	Nov. 16, 2020shares
Adams County Financial Resources
Business Acquisition [Line Items]
Common stock issued in exchange of each outstanding share	40,049

Securities - Amortized Cost and

Securities - Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 352,794	$ 300,602
Gross Unrealized Gains	4,817	7,350
Gross Unrealized Losses	(4,637)	(140)
Fair Value	352,974	307,812
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	44,059
Gross Unrealized Losses	(734)
Fair Value	43,325
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	131,419	122,514
Gross Unrealized Gains	1,378	1,857
Gross Unrealized Losses	(1,998)	(130)
Fair Value	130,799	124,241
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	116,160	110,828
Gross Unrealized Gains	1,583	2,228
Gross Unrealized Losses	(1,380)
Fair Value	116,363	113,056
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	61,156	67,260
Gross Unrealized Gains	1,856	3,265
Gross Unrealized Losses	(525)	(10)
Fair Value	$ 62,487	$ 70,515

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Investments pledged, carrying value	$ 81,200	$ 83,200
Other securities	5,939	5,939
Federal Home Loan Bank of Cincinnati and Indianapolis Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	5,800	5,800
Ohio Equity Fund for Housing Limited Partnership [Member]
Schedule of Available-for-sale Securities [Line Items]
Other securities	$ 151	$ 151
Minimum [Member]
Schedule of Available-for-sale Securities [Line Items]
Underwater security	10 years
Loss position existed	3 years

Securities - Gross Unrealized L

Securities - Gross Unrealized Losses, Aggregated by Investment Category and Length of Time (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	$ (4,637)	$ (140)
Fair Value, Less Than Twelve Months	213,054	51,893
Gross Unrealized Losses, Total	(4,637)	(140)
Fair Value, Total	213,054	51,893
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(734)
Fair Value, Less Than Twelve Months	43,325
Gross Unrealized Losses, Total	(734)
Fair Value, Total	43,325
U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,998)	(130)
Fair Value, Less Than Twelve Months	94,069	48,331
Gross Unrealized Losses, Total	(1,998)	(130)
Fair Value, Total	94,069	48,331
Mortgage-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(1,380)
Fair Value, Less Than Twelve Months	57,940
Gross Unrealized Losses, Total	(1,380)
Fair Value, Total	57,940
State and Local Governments [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses, Less Than Twelve Months	(525)	(10)
Fair Value, Less Than Twelve Months	17,720	3,562
Gross Unrealized Losses, Total	(525)	(10)
Fair Value, Total	$ 17,720	$ 3,562

Securities - Gross Realized Gai

Securities - Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Available For Sale Securities Gross Realized Gain Loss [Abstract]
Gross realized gains	$ 293	$ 270
Net realized gains	293	270
Tax expense related to net realized gains	$ 62	$ 57

Securities - Amortized Cost a_2

Securities - Amortized Cost and Fair Value of Debt Securities, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available For Sale Securities Debt Maturities [Abstract]
Amortized Cost, One year or less	$ 7,849
Amortized Cost, After one year through five years	76,476
Amortized Cost, After five years through ten years	151,959
Amortized Cost, After ten years	350
Amortized Cost, Total	236,634
Amortized Cost, Mortgage-backed securities	116,160
Amortized Cost	352,794	$ 300,602
Fair Value, One year or less	7,966
Fair Value, After one year through five years	77,041
Fair Value, After five years through ten years	151,248
Fair Value, After ten years	356
Fair Value, Total	236,611
Fair Value, Mortgage-backed securities	116,363
Total, Fair Value	$ 352,974	$ 307,812

Loans - Loans (Detail)

Loans - Loans (Detail) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans:
Loans - Gross	$ 1,345,887,000	$ 1,305,473,000
Less: Net deferred loan fees and costs	(4,208,000)	(2,483,000)
Loans after net deferred loan fees and costs	1,341,679,000	1,302,990,000	$ 1,247,641,000
Less: Allowance for loan losses	(14,425,000)	(13,672,000)		$ (7,228,000)
Loans - Net	1,327,254,000	1,289,318,000
Consumer Real Estate [Member]
Loans:
Loans - Gross	175,675,000	175,588,000
Loans after net deferred loan fees and costs	175,481,000	175,316,000	173,976,000
Agricultural Real Estate [Member]
Loans:
Loans - Gross	179,945,000	189,159,000
Loans after net deferred loan fees and costs	179,639,000	188,826,000	194,130,000
Agricultural [Member]
Loans:
Loans - Gross	100,022,000	94,358,000
Loans after net deferred loan fees and costs	100,147,000	94,490,000	109,707,000
Commercial Real Estate [Member]
Loans:
Loans - Gross	618,754,000	588,825,000
Loans after net deferred loan fees and costs	617,512,000	587,654,000	568,991,000
Commercial and Industrial [Member]
Loans:
Loans - Gross	202,958,000	189,246,000
Loans after net deferred loan fees and costs	200,253,000	188,286,000
Less: Allowance for loan losses	0
Consumer [Member]
Loans:
Loans - Gross	54,445,000	52,540,000
Loans after net deferred loan fees and costs	54,559,000	52,661,000	$ 49,190,000
Other Loan [Member]
Loans:
Loans - Gross	14,088,000	15,757,000
Loans after net deferred loan fees and costs	$ 14,088,000	$ 15,757,000

Loans - Distribution of Fixed R

Loans - Distribution of Fixed Rate Loans and Variable Rate Loans by Major Loan Category (Detail) $ in Thousands	Mar. 31, 2021USD ($)
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	$ 127,467
Distribution of variable rate loans by major loan category, Variable Rate	48,208
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	105,009
Distribution of variable rate loans by major loan category, Variable Rate	74,936
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	87,924
Distribution of variable rate loans by major loan category, Variable Rate	12,098
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	492,252
Distribution of variable rate loans by major loan category, Variable Rate	126,502
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	172,598
Distribution of variable rate loans by major loan category, Variable Rate	30,360
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	50,558
Distribution of variable rate loans by major loan category, Variable Rate	3,887
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Distribution of fixed rate loans by major loan category, Fixed Rate	14,084
Distribution of variable rate loans by major loan category, Variable Rate	$ 4

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential mortgage loan	$ 36,700,000	$ 38,000,000
Loans	1,345,887,000	1,305,473,000
Allowance for loan losses	14,425,000	13,672,000		$ 7,228,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	202,958,000	$ 189,246,000
Allowance for loan losses	0
Commercial and Industrial [Member] | PPP Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 51,800,000		$ 36,200,000

Loans - Contractual Aging of Re

Loans - Contractual Aging of Recorded Investment in Past Due Loans by Portfolio Classification of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 2,375	$ 3,727
Current	1,339,304	1,299,263
Loans after net deferred loan fees and costs	1,341,679	1,302,990	$ 1,247,641
Recorded Investment > 90 Days and Accruing		0	0
30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	290	322
60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1	941
Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,084	2,464
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,303	1,492
Current	174,178	173,824
Loans after net deferred loan fees and costs	175,481	175,316	173,976
Consumer Real Estate [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	284	269
Consumer Real Estate [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		191
Consumer Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,019	1,032
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	88	88
Current	179,551	188,738
Loans after net deferred loan fees and costs	179,639	188,826	194,130
Agricultural Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	88	88
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		176
Current	100,147	94,314
Loans after net deferred loan fees and costs	100,147	94,490	109,707
Agricultural [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		176
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	183	185
Current	617,329	587,469
Loans after net deferred loan fees and costs	617,512	587,654	568,991
Commercial Real Estate [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	183	185
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	794	1,733
Current	213,547	202,310
Loans after net deferred loan fees and costs	214,341	204,043	151,647
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		750
Commercial and Industrial [Member] | Greater Than 90 Days [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	794	983
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	7	53
Current	54,552	52,608
Loans after net deferred loan fees and costs	54,559	52,661	$ 49,190
Consumer [Member] | 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	6	$ 53
Consumer [Member] | 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 1

Loans - Recorded Investment in

Loans - Recorded Investment in Nonaccrual Loans by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 8,139	$ 9,404	$ 3,344
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	1,370	1,546
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	5,195	5,575
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans		307
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	663	665
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	898	1,296
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Investment in nonaccrual loans	$ 13	$ 15

Loans (Tier Risk Rating System)

Loans (Tier Risk Rating System) - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2020
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayment period of loan with a reasonable reduction of principal balance	2 years

Loans - Risk Category of Loans

Loans - Risk Category of Loans by Portfolio Class (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,341,679	$ 1,302,990	$ 1,247,641
Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	179,639	188,826	194,130
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	100,147	94,490	109,707
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	617,512	587,654	$ 568,991
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	200,253	188,286
Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	14,088	15,757
1-2 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	12,001	11,960
1-2 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,637	5,093
1-2 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	10,731	11,001
1-2 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	53,577	38,486
3 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	33,850	38,306
3 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	26,549	23,779
3 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	163,758	165,201
3 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	24,926	26,515
3 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,295	4,651
4 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	111,704	112,465
4 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	70,589	63,480
4 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	422,632	396,076
4 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	114,991	114,108
4 [Member] | Other Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	10,793	11,106
5 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	7,188	7,478
5 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,319	1,577
5 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	4,363	4,010
5 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	2,839	3,266
6 [Member] | Agricultural Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	14,896	18,617
6 [Member] | Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	53	561
6 [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	16,028	11,366
6 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	3,788	4,796
7 [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 132	$ 1,115

Loans - Recorded Investment for

Loans - Recorded Investment for Consumer Loans, Credit Quality based on Status of Loan and Payment Activity (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 1,341,679	$ 1,302,990	$ 1,247,641
Performing	120	148	148
Consumer - Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,310	3,670
Consumer - Credit [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	3,299	3,660
Consumer - Credit [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	11	10
Consumer - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	51,249	48,991
Consumer - Other [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	51,134	48,855
Consumer - Other [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Performing	115	136
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	175,481	175,316	173,976
Performing	41	42	$ 45
Pass [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	172,062	171,667
5 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	1,265	1,284
6 [Member] | Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans after net deferred loan fees and costs	$ 2,154	$ 2,365

Loans - Schedule of Impaired Lo

Loans - Schedule of Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2020
Receivables [Abstract]
Impaired loans without a valuation allowance	$ 6,604	$ 5,172	$ 1,393	$ 5,172
Impaired loans with a valuation allowance	5,532	9,360	4,795	9,360
Total impaired loans	12,136	14,532	6,188	14,532
Valuation allowance related to impaired loans	1,109	1,657	766	1,657
Total non-accrual loans	8,139	9,404	3,344	9,404
Total loans past-due ninety days or more and still accruing		0	0	0
Average investment in impaired loans	$ 13,467	$ 14,868	$ 4,314	$ 10,234

Loans (Impaired Loans) - Additi

Loans (Impaired Loans) - Additional Information (Detail)	1 Months Ended	3 Months Ended
	May 31, 2020Loan	Mar. 31, 2021USD ($)ContractLoan	Mar. 31, 2020USD ($)ContractLoan	Dec. 31, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Additional funds available to be advanced in connection with impaired loans		$ 150,000
Impaired loans classified as troubled debt restructured		$ 5,800,000	$ 1,900,000	$ 6,500,000
Number of contracts modified | Loan		0
TDR impaired loans paid off | Loan	1	0	0
TDR loans, subsequently defaulted during the period		0	0
TDR impaired loans charged off | Loan			0
Maximum time for re-evaluation (in months)		12 months
Re-evaluation period for real estate		2 years
Unsecured consumer loans, credit card credits and overdraft lines of credit reach		90 days
Delinquent period for charging down consumer loans		90 days
Delinquent period for charging down commercial and agricultural credits		120 days
Foreclosed residential real estate property		$ 148,000		71,000
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Litigation and any deficiency charged off period		150 days
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
TDR impaired loans paid off | Loan		3
TDR impaired loans charged off amount		$ 809,000
Consumer Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract			2
Foreclosed residential real estate property		148,000	$ 50,000	71,000
Residential real estate properties foreclosure proceedings		$ 796,000	$ 292,000	$ 910,000
Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract		0
Payment Changes from Monthly Payment to Principal and Interest at Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts modified | Contract			2
Loan maturity date		Jun. 19, 2020

Loans - Impaired Loans Classifi

Loans - Impaired Loans Classified as Troubled Debt Restructured (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2021Loan	Mar. 31, 2020USD ($)Contract
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Loan	0
Consumer Real Estate [Member]
Financing Receivable Modifications [Line Items]
Number of Contracts Modified in the Last three Months | Contract		2
Pre-Modification Outstanding Recorded Investment		$ 981
Post-Modification Outstanding Recorded Investment		$ 981

Loans - Loans Individually Eval

Loans - Loans Individually Evaluated for Impairment by Portfolio Class of Loans (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 6,604	$ 5,172	$ 1,393	$ 5,172
With a specific allowance recorded, Recorded Investment	5,532	9,360	4,795	9,360
Related Allowance	1,109	1,657	766	1,657
Recorded Investment	12,136	14,532	6,188	14,532
Average Recorded Investment	13,467	14,868	4,314	10,234
Consumer Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	817	799	644	799
With no related allowance recorded, Unpaid Principal Balance	817	799	644	799
With no related allowance recorded, Average Recorded Investment	508		649	738
With no related allowance recorded, Interest Income Recognized	1		5	22
With no related allowance recorded, Interest Income Recognized Cash Basis	2		4	10
With a specific allowance recorded, Recorded Investment	134	202	194	202
With a specific allowance recorded, Unpaid Principal Balance	134	202	194	202
Related Allowance	23	31	34	31
With a specific allowance recorded, Average Recorded Investment	179		212	126
With a specific allowance recorded, Interest Income Recognized Cash Basis	2			3
Recorded Investment	951	1,001	838	1,001
Unpaid Principal Balance	951	1,001	838	1,001
Average Recorded Investment	687		861	864
Interest Income Recognized	1		5	22
Interest Income Recognized Cash Basis	4		4	13
Agricultural Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	1,526	1,546	30	1,546
With no related allowance recorded, Unpaid Principal Balance	1,526	1,549	30	1,549
With no related allowance recorded, Average Recorded Investment	1,531		291	729
With no related allowance recorded, Interest Income Recognized	23		3	18
With no related allowance recorded, Interest Income Recognized Cash Basis				12
With a specific allowance recorded, Recorded Investment	5,106	5,210	92	5,210
With a specific allowance recorded, Unpaid Principal Balance	5,106	5,210	92	5,210
Related Allowance	1,086	600	15	600
With a specific allowance recorded, Average Recorded Investment	5,160		93	3,175
With a specific allowance recorded, Interest Income Recognized			2	6
With a specific allowance recorded, Interest Income Recognized Cash Basis				102
Recorded Investment	6,632	6,756	122	6,756
Unpaid Principal Balance	6,632	6,759	122	6,759
Average Recorded Investment	6,691		384	3,904
Interest Income Recognized	23		5	24
Interest Income Recognized Cash Basis				114
Agricultural [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment		291	348	291
With no related allowance recorded, Unpaid Principal Balance		291	348	291
With no related allowance recorded, Average Recorded Investment	168		386	392
With no related allowance recorded, Interest Income Recognized			5	3
With no related allowance recorded, Interest Income Recognized Cash Basis				3
With a specific allowance recorded, Recorded Investment	292	176	121	176
With a specific allowance recorded, Unpaid Principal Balance	292	176	121	176
Related Allowance		116	12	116
With a specific allowance recorded, Average Recorded Investment	214		121	188
With a specific allowance recorded, Interest Income Recognized	4
Recorded Investment	292	467	469	467
Unpaid Principal Balance	292	467	469	467
Average Recorded Investment	382		507	580
Interest Income Recognized	4		5	3
Interest Income Recognized Cash Basis				3
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,905	185	186	185
With no related allowance recorded, Unpaid Principal Balance	2,905	185	186	185
With no related allowance recorded, Average Recorded Investment	2,306		224	195
With no related allowance recorded, Interest Income Recognized	31		3	13
With no related allowance recorded, Interest Income Recognized Cash Basis	3
With a specific allowance recorded, Recorded Investment		2,765	3,109	2,765
With a specific allowance recorded, Unpaid Principal Balance		2,765	3,109	2,765
Related Allowance		20	95	20
With a specific allowance recorded, Average Recorded Investment	917		1,036	2,524
With a specific allowance recorded, Interest Income Recognized			39	128
Recorded Investment	2,905	2,950	3,295	2,950
Unpaid Principal Balance	2,905	2,950	3,295	2,950
Average Recorded Investment	3,223		1,260	2,719
Interest Income Recognized	31		42	141
Interest Income Recognized Cash Basis	3
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	1,335	2,328	154	2,328
With no related allowance recorded, Unpaid Principal Balance	1,467	2,328	154	2,328
With no related allowance recorded, Average Recorded Investment	1,793		699	1,222
With no related allowance recorded, Interest Income Recognized	17		12	26
With no related allowance recorded, Interest Income Recognized Cash Basis	1			5
With a specific allowance recorded, Recorded Investment		1,007	1,279	1,007
With a specific allowance recorded, Unpaid Principal Balance		1,007	1,429	1,007
Related Allowance		890	610	890
With a specific allowance recorded, Average Recorded Investment	670		572	916
With a specific allowance recorded, Interest Income Recognized			7	52
Recorded Investment	1,335	3,335	1,433	3,335
Unpaid Principal Balance	1,467	3,335	1,583	3,335
Average Recorded Investment	2,463		1,271	2,138
Interest Income Recognized	17		19	78
Interest Income Recognized Cash Basis	1			5
Consumer [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	21	23	31	23
With no related allowance recorded, Unpaid Principal Balance	21	23	31	23
With no related allowance recorded, Average Recorded Investment	21		10	16
With a specific allowance recorded, Average Recorded Investment			21	11
With a specific allowance recorded, Interest Income Recognized				1
Recorded Investment	21	23	31	23
Unpaid Principal Balance	21	$ 23	31	23
Average Recorded Investment	$ 21		$ 31	27
Interest Income Recognized				$ 1

Loans - Summary of Activities i

Loans - Summary of Activities in Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Allowance for Loan Losses
Balance at beginning of year	$ 13,672	$ 7,228	$ 7,228
Provision for loan loss	1,700	1,430	6,981
Loans charged off	(1,013)	(164)	(720)
Recoveries	66	39	183
Balance at ending of year	14,425		13,672
Allowance for Unfunded Loan Commitments & Letters of Credit	1,052		641
Total Allowance for Credit Losses	$ 15,477	$ 9,003	$ 14,313	$ 7,707

Loans (ALLL) - Additional Infor

Loans (ALLL) - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretable yield related to acquisition	$ 1,542	$ 1,653	$ 1,978	$ 2,021
Bank of Geneva [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accretable yield related to acquisition	$ 1,500	$ 1,700

Loans - Analysis of Allowance f

Loans - Analysis of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	$ 14,313	$ 7,707	$ 7,707
Charge Offs	(1,013)	(164)	(720)
Recoveries	66	39	183
Provision (Credit)	1,700	1,430	6,981
Other Non-interest expense related to unfunded	411	(9)
Ending Balance	15,477	9,003	14,313
Ending balance: individually evaluated for impairment	1,109	766	1,657
Ending balance: collectively evaluated for impairment	14,368	8,237	12,656
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	1,341,679	1,247,641	1,302,990
Ending balance: individually evaluated for impairment	12,136	6,188	14,532
Ending balance: collectively evaluated for impairment	1,329,423	1,241,305	1,288,310
Ending balance: loans acquired with deteriorated credit quality	120	148	148
Consumer Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	633	311	311
Charge Offs		(35)
Recoveries	3	3
Provision (Credit)	(12)	66
Ending Balance	624	345	633
Ending balance: individually evaluated for impairment	23	34	31
Ending balance: collectively evaluated for impairment	601	311	602
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	175,481	173,976	175,316
Ending balance: individually evaluated for impairment	951	838	1,001
Ending balance: collectively evaluated for impairment	174,489	173,093	174,273
Ending balance: loans acquired with deteriorated credit quality	41	45	42
Agricultural Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	958	314	314
Provision (Credit)	428	13
Ending Balance	1,386	327	958
Ending balance: individually evaluated for impairment	1,086	15	600
Ending balance: collectively evaluated for impairment	300	312	358
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	179,639	194,130	188,826
Ending balance: individually evaluated for impairment	6,632	122	6,756
Ending balance: collectively evaluated for impairment	173,007	194,008	182,070
Agricultural [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	701	691	691
Charge Offs	(142)
Provision (Credit)	57	(26)
Ending Balance	616	665	701
Ending balance: individually evaluated for impairment		12	116
Ending balance: collectively evaluated for impairment	616	653	585
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	100,147	109,707	94,490
Ending balance: individually evaluated for impairment	292	469	467
Ending balance: collectively evaluated for impairment	99,855	109,238	94,023
Commercial Real Estate [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	7,415	3,634	3,634
Recoveries	2	3
Provision (Credit)	251	236
Ending Balance	7,668	3,873	7,415
Ending balance: individually evaluated for impairment		95	20
Ending balance: collectively evaluated for impairment	7,668	3,778	7,395
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	617,512	568,991	587,654
Ending balance: individually evaluated for impairment	2,905	3,295	2,950
Ending balance: collectively evaluated for impairment	614,607	565,696	584,704
Commercial and Industrial [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	3,346	1,727	1,727
Charge Offs	(809)
Recoveries	5	3
Provision (Credit)	66	1,020
Ending Balance	2,608	2,750	3,346
Ending balance: individually evaluated for impairment		610	890
Ending balance: collectively evaluated for impairment	2,608	2,140	2,456
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	214,341	151,647	204,043
Ending balance: individually evaluated for impairment	1,335	1,433	3,335
Ending balance: collectively evaluated for impairment	212,927	150,111	200,602
Ending balance: loans acquired with deteriorated credit quality	79	103	106
Consumer [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	606	551	551
Charge Offs	(62)	(129)
Recoveries	56	30
Provision (Credit)	(5)	81
Ending Balance	595	533	606
Ending balance: collectively evaluated for impairment	595	533	606
Ending balance: loans acquired with deteriorated credit quality	0	0	0
FINANCING RECEIVABLES:
Loans after net deferred loan fees and costs	54,559	49,190	52,661
Ending balance: individually evaluated for impairment	21	31	23
Ending balance: collectively evaluated for impairment	54,538	49,159	52,638
Unallocated [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	13
Provision (Credit)	915	40
Ending Balance	928	40	13
Ending balance: collectively evaluated for impairment	928	40	13
Ending balance: loans acquired with deteriorated credit quality	0	0	0
Unfunded Loan Commitment & Letters of Credit [Member]
ALLOWANCE FOR CREDIT LOSSES:
Beginning balance	641	479	479
Other Non-interest expense related to unfunded	411	(9)
Ending Balance	1,052	470	641
Ending balance: collectively evaluated for impairment	1,052	470	641
Ending balance: loans acquired with deteriorated credit quality	$ 0	$ 0	$ 0

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - USD ($)	Jun. 04, 2021	Jun. 05, 2020
Number of directors received shares		176
Compensation annual basis committee award		$ 4,000
Forecast [Member]
Compensation annual basis committee award	$ 6,000

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net income	$ 4,909	$ 4,105
Less: distributed earnings allocated to participating securities	(15)	(13)
Less: undistributed earnings allocated to participating securities	(23)	(18)
Net earnings available to common shareholders	$ 4,871	$ 4,074
Weighted average common shares outstanding including participating securities	11,197,012	11,134,870
Less: average unvested restricted shares	(86,595)	(84,732)
Weighted average common shares outstanding	11,110,417	11,050,138
Basic and diluted earnings per share	$ 0.44	$ 0.37

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Estimated Fair Values and Related Carrying or Notional Amounts (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financial Assets:
Securities - available-for-sale	$ 352,974	$ 307,812
Reported Value Measurement [Member]
Financial Assets:
Cash and cash equivalents	175,500	175,706
Interest-bearing time deposits	4,405	4,653
Securities - available-for-sale	352,974	307,812
Other securities	5,939	5,939
Loans held for sale	7,511	7,740
Loans, net	1,327,254	1,289,318
Interest receivable	6,568	6,188
Financial Liabilities:
Total Deposits	1,683,851	1,596,162
Federal funds purchased and securities sold under agreement to repurchase	30,072	30,239
Federal Home Loan Bank advances	17,840	17,861
Interest payable	357	338
Fair Value [Member]
Financial Assets:
Cash and cash equivalents	175,500	175,706
Interest-bearing time deposits	4,451	4,677
Securities - available-for-sale	352,974	307,812
Other securities	5,939	5,939
Loans held for sale	7,511	7,740
Loans, net	1,295,821	1,261,440
Interest receivable	6,568	6,188
Financial Liabilities:
Total Deposits	1,685,393	1,605,890
Federal funds purchased and securities sold under agreement to repurchase	30,072	30,239
Federal Home Loan Bank advances	17,845	17,872
Interest payable	357	338
Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	1,056,576	997,462
Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	1,056,600	1,004,608
Non Interest Bearing Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	384,558	351,147
Non Interest Bearing Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	384,558	351,147
Time Deposits [Member] | Reported Value Measurement [Member]
Financial Liabilities:
Total Deposits	242,717	247,553
Time Deposits [Member] | Fair Value [Member]
Financial Liabilities:
Total Deposits	244,235	250,135
Level 1 [Member]
Financial Assets:
Cash and cash equivalents	175,500	175,706
Securities - available-for-sale	43,325
Level 2 [Member]
Financial Assets:
Interest-bearing time deposits	4,451	4,677
Securities - available-for-sale	308,110	306,250
Financial Liabilities:
Total Deposits	384,558	351,147
Level 2 [Member] | Non Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	384,558	351,147
Level 3 [Member]
Financial Assets:
Securities - available-for-sale	1,539	1,562
Other securities	5,939	5,939
Loans held for sale	7,511	7,740
Loans, net	1,295,821	1,261,440
Interest receivable	6,568	6,188
Financial Liabilities:
Total Deposits	1,300,835	1,254,743
Federal funds purchased and securities sold under agreement to repurchase	30,072	30,239
Federal Home Loan Bank advances	17,845	17,872
Interest payable	357	338
Level 3 [Member] | Interest Bearing Deposits [Member]
Financial Liabilities:
Total Deposits	1,056,600	1,004,608
Level 3 [Member] | Time Deposits [Member]
Financial Liabilities:
Total Deposits	$ 244,235	$ 250,135

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 352,974	$ 307,812
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	43,325
Level 1 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	43,325
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	308,110	306,250
Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	308,110	306,250
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,539	1,562
Level 3 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,539	1,562
U.S. Treasury [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	43,325
U.S. Treasury [Member] | Level 1 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	43,325
U.S. Government Agencies [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	130,799	124,241
U.S. Government Agencies [Member] | Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	130,799	124,241
Mortgage-backed Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	116,363	113,056
Mortgage-backed Securities [Member] | Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	116,363	113,056
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	62,487	70,515
State and Local Governments [Member] | Level 2 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	60,948	68,953
State and Local Governments [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	1,539	1,562
State and Local Governments [Member] | Level 3 [Member] | Fair Value on a Recurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total Securities Available-for-Sale	$ 1,539	$ 1,562

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Changes in the Level 3 Fair Value Category of Unobservable Inputs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
State and Local Governments Tax-Exempt [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 0	$ 0
Change in Market Value		0
Payments & Maturities		0
Ending Balance	0	0
State and Local Governments Taxable[Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,562	1,490
Change in Market Value	(23)	47
Payments & Maturities		0
Ending Balance	1,539	1,537
State and Local Governments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	1,562	1,490
Change in Market Value	(23)	47
Payments & Maturities	0	0
Ending Balance	$ 1,539	$ 1,537

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 12,136	$ 14,532	$ 6,188
Specific allocation for collateral dependent impaired loans	1,109	1,657	$ 766
Collateral Dependent [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Specific allocation for collateral dependent impaired loans	1,100	1,700
Level 3 [Member] | Collateral Dependent [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Collateral dependent impaired loans categorized as Level 3	$ 4,100	$ 7,700

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements (Detail) $ in Thousands	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 352,974	$ 307,812
State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	62,487	70,515
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	1,539	1,562
Level 3 [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 1,539	$ 1,562
Valuation Technique	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Unobservable Inputs	us-gaap:MeasurementInputDiscountRateMember	us-gaap:MeasurementInputDiscountRateMember
Level 3 [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 4,130	$ 7,703
Valuation Technique	us-gaap:MarketApproachValuationTechniqueMember	us-gaap:MarketApproachValuationTechniqueMember
Unobservable Inputs	fmao:MeasurementInputCollateralBasedPriceMember	fmao:MeasurementInputCollateralBasedPriceMember
Level 3 [Member] | Minimum [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	1.32	1.19
Level 3 [Member] | Minimum [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	20	0.71
Level 3 [Member] | Maximum [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	1.32	1.19
Level 3 [Member] | Maximum [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	41.61	100
Level 3 [Member] | Weighted Average [Member] | State and Local Governments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	1.32	1.19
Level 3 [Member] | Weighted Average [Member] | Collateral Dependent Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Discount rate	40.35	17.71

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Impaired Loans (Detail) - Collateral Dependent Impaired Loans [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 4,130	$ 7,703
Fair Value on Nonrecurring Basis [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	4,130	7,703
Fair Value on Nonrecurring Basis [Member] | Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis, Total	$ 4,130	$ 7,703

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Additional Information (Detail) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Fees And Commissions Income [Abstract]
Federal funds purchased	$ 0	$ 0
Securities sold under agreements to repurchase	$ 30,100,000	$ 30,200,000

Federal Funds Purchased and S_4

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Schedule of Remaining Contractual Maturity in Repurchase Agreements (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 30,100	$ 30,200
Total	30,072	30,239
Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	1,732	1,899
30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total		3,900
Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total	28,340	24,440
US Treasury & Agency Securities [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	30,072	30,239
US Treasury & Agency Securities [Member] | Overnight & Continuous [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	1,732	1,899
US Treasury & Agency Securities [Member] | 30-90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements		3,900
US Treasury & Agency Securities [Member] | Greater Than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Repurchase agreements, Remaining contractual maturity of the agreements	$ 28,340	$ 24,440

Proposed Business Combination -

Proposed Business Combination - Additional Information (Detail) $ / shares in Units, $ in Thousands	Dec. 21, 2020USD ($)$ / shares	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)Office
Business Acquisition [Line Items]
Business combination, acquisition related costs		$ 180
Consulting Fees [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs		74
Other General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business combination, acquisition related costs		$ 106
Ossian Financial Services, Inc [Member]
Business Acquisition [Line Items]
Business acquisition, date of acquisition agreement		Dec. 21, 2020
Assets			$ 122,000
Loans			58,000
Deposits			108,000
Consolidated equity			$ 11,900
Business acquisition, expected closing date		Apr. 30, 2021
Aggregate cash consideration	$ 20,000
Share price | $ / shares	$ 67.71
Ossian Financial Services, Inc [Member] | Maximum [Member]
Business Acquisition [Line Items]
Total consideration for acquisition	$ 12,000
Ossian Financial Services, Inc [Member] | Northeast Indiana [Member]
Business Acquisition [Line Items]
Number of full-service offices | Office			2